Us Deficit 2024 Projection. Congress passed and the president signed a continuing resolution to keep the government funded through december 20, 2024, avoiding a government shutdown ahead of the october 1, 2024, deadline. 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.

Budget deficit reached $1.897 trillion for the first 11 months of the 2024 fiscal year, the treasury department said on thursday, as annual interest costs on the public. Cbo increased its projection of the budget deficit to $1.9 trillion in 2024, with interest payments of $892 billion this year and totaling $13 trillion over following decade.