Projected Us Budget Deficit 2024. That deficit would be larger, and the decrease would be smaller, if not for a shift in the timing of certain payments in both 2024 and 2023. 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 previous.
The projected $1.5 trillion federal budget deficit for 2024 is $188 billion less than the shortfall recorded last year. O cbo expects the fy24 deficit to end at $1.9 trillion,.
