Us Deficit 2024 Total Deficit. Adjusted to exclude the effects of shifts in the timing of certain payments, the deficit amounts to $2.0. Compared with the size of the economy, federal debt held by the public also increased in.
Fy 2024โs deficit totaled $1.8 trillion, meaning we borrowed a whopping $5 billion on average every day. 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.
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