Projected Budget Deficit 2024. Adjusted to exclude the effects of shifts in the timing of certain payments, the deficit amounts to $2.0. Cbo now projects that deficit spending for fy24 will reach a staggering $1.9 trillion, an estimate that is $400 billion higher than cbo predicted just four months earlier.

Inflation continues to be low, stable and moving towards the 4% target; Tim walz in preparing his budget recommendations, and it.