Us 2024 Budget Deficit Projections

Us 2024 Budget Deficit Projections. In cbo’s projections, the federal deficit totals $1.4 trillion in 2023 and averages $2.0 trillion per year from 2024 to 2033. Cbo now projects that deficit spending for fy24 will reach a staggering $1.9 trillion, an estimate that is $400 billion higher than cbo predicted just four months earlier.


Us 2024 Budget Deficit Projections

The deficit in 2024 is $0.4 trillion (or 27 percent) larger in our current projections than it was in our february 2024 projections. In cbo’s projections, the federal deficit totals $1.4 trillion in 2023 and averages $2.0 trillion per year from 2024 to 2033.

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