2024 Us Budget Deficit Today. Cbo currently projects a deficit of $1.5 trillion for fiscal year 2024, down from $1.7 trillion in fiscal year 2023. The congressional budget office said it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its february estimate.
The congressional budget office said it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its february estimate. The federal budget deficit is projected to reach $1.9 trillion this fiscal year, the congressional budget office (cbo) said tuesday, as government spending continues to rise.