Us Budget Deficit 2024 By Year. After 2028, deficits climb as a percentage of gdp, returning. Budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the covid era, as interest on the federal debt exceeded $1 trillion for the first time and.

The congressional budget office estimated on tuesday a u.s. The federal budget deficit was $1.8 trillion in fiscal year 2024, the congressional budget office estimates.