Us 2024 Budget Deficit By Year Chart. The projected $1.5 trillion federal budget deficit for 2024 is $188 billion less than the shortfall recorded last year. Federal spending decreased by 8.4% in fy 2023, the second year of decreased spending since a record high in fy 2021.
Adjusted to exclude the effects of shifts in the timing of certain payments, the deficit amounts to $2.0 trillion in 2024 and grows to $2.8 trillion by 2034. This resulted in a budget deficit of over $1.8 trillion.
Us 2024 Budget Deficit By Year Chart Images References :