Us Budget Deficit 2024. The budget also reduces the deficit, as a share of the economy, from current levels. The deficit for the first four months of the 2024 fiscal year reached $532 billion, or 16% more than recorded in the same period in the prior year, treasury department data released monday.
The federal government ran a deficit of $236 billion in march 2024 โ $142 billion less than the deficit of $378 billion that was recorded in march 2023. The deficit forecast is $400 billion higher than the cboโs last estimate in february, an increase of 27%.