Us Budget Deficit 2024 By Year. Budget deficit reached $1.897 trillion for the first 11 months of the 2024 fiscal year, the treasury department said on. The us government added $347 billion to the deficit in may, up 5% over the same month last year, as elevated borrowing costs continued to drive the growth in.

The cj includes agency priorities, requested budget levels and performance plans (in accordance with the government performance and results act). In fiscal year (fy) , the government spent $, which was more than it collected.