What Is The Current Us Deficit 2024
What Is The Current Us Deficit 2024. The national debt hit nearly $33.2 trillion at the end of fiscal year 2023. The federal government spent 38.0% more than it collected in fy 2023, resulting in a $1.7 trillion deficit.
The federal government collected nearly $4.5 trillion. The federal government continued to run significant deficits in september, closing out fiscal year 2024 with a cumulative deficit of $1.8 trillion despite an 11% increase in revenues.