Us Budget Deficit 2024. Federal government posted a december deficit of $129 billion, up $44 billion or 52% from a year earlier as outlays rose while receipts fell from december 2022 levels that were swelled. It is important to note that certain payments were shifted into march 2023 due to april 1, 2023, falling on a weekend.

The $1.52 trillion gap for. The unified deficit and even the cyclically adjusted deficit will approach 6% of gdp within 10 years.