Revenue Deficit Budget 2024

Revenue Deficit Budget 2024. The federal budget is in its second year of surplus, but is poised to fall back into deficit for the next decade. 1 excluding the effects of shifts in the timing of certain outlays, the decline in the.


Revenue Deficit Budget 2024

The federal government spent 38.0% more than it collected in fy 2023, resulting in a $1.7 trillion deficit. Cbo projects a federal budget deficit of $1.9 trillion in fiscal year 2024, which would be larger than the 2023 deficit of $1.7 trillion.

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