Us Budget Deficit In 2024. • fy2024 deficit totals $1.9 trillion, the third highest figure in american history. We’re borrowing nearly double the amount we borrowed annually.

The shortfall was more than 8% from the previous year and the third highest on record, the treasury department said friday. 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.