Us Budget Deficit 2024 Graph. The deficit totals $1.6 trillion in fiscal year 2024, grows to $1.8 trillion in 2025, and then returns to $1.6 trillion by 2027. The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50.
Ratio is merely a statistic, and nothing will inherently change when the ratio exceeds 100 percent. In february, the congressional budget office released its annual budget and economic outlook and projected that the nation will run a $1.6 trillion deficit in fy2024.