Us Budget Deficit 2024 % Of Gdp. In 2021, the federal government’s budget deficit totaled $2.8 trillion after surpassing $3.1 trillion in 2020. Federal government spending pays for everything from social.
More specifically, spending under the. According to the congressional budget office (cbo), the budget deficit will rise from $1.6 trillion, or 5.6% of gdp, in fiscal year 2024 to $2.6 trillion, or 6.1% of.