Us Budget Deficit 2024 By Year. The estimate, which precedes the u.s. The national debt of the united states has doubled over the last decade, exceeding 34 trillion u.s.
America’s federal budget deficit rose to $1.8 trillion in the 2024 fiscal year, reaching the highest level in three years, according to new congressional budget office. Yet again, the federal government spent far more than it collected in revenue, racking up a budget deficit of $1.8 trillion for fiscal year 2024, according to the.