Ema Annnora

Us Budget Deficit 2024.  — the federal budget deficit was $1.9 trillion in the first 11 months of fiscal year 2024, cbo estimates—$373 billion more than the deficit recorded during the. The national debt hit nearly $33.2 trillion at the end of fiscal year 2023.

Measured in relation to gross domestic product (gdp), the deficit amounts to 5.6 percent in 2024, grows to 6.1 percent in 2025, and then shrinks to 5.2 percent in 2027 and 2028. Trade deficit is a symptom of deeper problems in the american economy.