Us Deficit 2024. The unified deficit and even the cyclically adjusted deficit will approach 6% of gdp within 10 years. In cbo’s projections, the federal deficit totals $1.4 trillion in 2023 and averages $2.0 trillion per year from 2024 to 2033.
America’s federal budget deficit rose to $1.8 trillion in the 2024 fiscal year, reaching the highest level in three years, according to new congressional budget office estimates. The federal budget deficit was $1.9 trillion in the first 11 months of fiscal year 2024, the congressional budget office estimates—$373 billion more than the deficit recorded.
