Ali Melisse

What Is The Current Us Deficit 2024. The federal government continued to run significant deficits in september, closing out fiscal year 2024 with a cumulative deficit of $1.8 trillion despite an 11% increase in revenues. The unified deficit and even the cyclically adjusted deficit will approach 6% of gdp within 10 years.

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. • fy2024 deficit totals $1.9 trillion, the third highest figure in american history.