Us Budget Deficit 2024. Congressional budget office on wednesday projected a slightly smaller $1.507 trillion federal deficit for fiscal 2024 as increased revenues from stronger growth and. That amount is $71 billion more than the.
Measured in relation to gross domestic product (gdp), the deficit amounts to 5.6 percent in 2024, grows to 6.1 percent in 2025, and then shrinks to 5.2 percent in 2027 and 2028. The budget also reduces the deficit, as a share of the economy,.