2024 Budget Deficit. Budget deficit reached $1.897 trillion for the first 11 months of the 2024 fiscal year, the treasury department said on thursday, as annual interest. That deficit would be larger, and the decrease would be smaller, if not for a shift in the timing of certain payments in both 2024 and 2023.

Adjusted to exclude the effects of shifts in the timing of certain payments, the deficit amounts to $2.0 trillion in 2024 and grows to $2.8 trillion by 2034. That deficit would be larger, and the decrease would be smaller, if not for a shift in the timing of certain payments in both 2024 and 2023.