2024 Fiscal Year Budget 2024. In cbo’s projections, the federal budget deficit in fiscal year 2024 is $1.9 trillion. The federal budget deficit was $1.9 trillion in the first 11 months of fiscal year 2024, the congressional budget office estimates—$373 billion more than the deficit.

In cbo’s projections, the federal budget deficit in fiscal year 2024 is $1.9 trillion. 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.