2024 Us Budget Status Report. Projections at a glance the federal budget the deficit totals $1.6 trillion in fiscal year 2024, grows to $1.8 trillion in 2025, and then returns to $1.6 trillion by 2027. The appropriations process for fiscal year (fy) 2025 has begun, with action in both the house of representatives and the.
The unified deficit and even the cyclically. The federal budget deficit was $1.5 trillion in the first 10 months of fiscal year 2024, the congressional budget office estimates—$103 billion less than the deficit.