Us Fiscal Deficit 2024. The fy 2024 deficit was $76 billion lower than the baseline estimate of $1.91 trillion in the 2024 budget published in march, and $144 billion lower than the baseline. 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.
In fiscal year 2024, which ended on september 30, the federal budget deficit totaled $1.8 trillion—an increase of $138 billion (or 8 percent) from the shortfall recorded in the. We’re borrowing nearly double the amount we borrowed annually.