Current Us Deficit 2024 By Year. In cbo’s projections, the federal budget deficit in fiscal year 2024 is $1.9 trillion. The federal government ran a deficit of $257 billion in october 2024, an increase of $191 billion from the deficit of $67 billion recorded in october 2023.
The congressional budget office estimated on tuesday a u.s. • fy2024 deficit totals $1.9 trillion, the third highest figure in american history.