Us Budget Deficit 2024 % Of Gdp. The federal budget deficit was $1.9 trillion in the first 11 months of fiscal year 2024, the congressional budget office estimates—$373 billion more than the deficit recorded. From 2024 to 2034, mandatory spending will grow from 13.6 percent of gdp to 15.2 percent of gdp, while discretionary spending will decline from 6.2 percent of gdp to just 5.1 percent of gdp.
The deficit amounts to 5.3 percent of gross domestic product (gdp) in 2023,. In the agency’s projections, deficits generally increase over the coming years;
