Us Budget 2024 Summary Report. The federal budget deficit was $857 billion in the first seven months of fiscal year 2024, the congressional budget office estimates—$68 billion less than the deficit. 1 excluding the effects of shifts in the timing of certain outlays, the decline in the.

 — issued by the office of management and budget (omb), the budget of the united states government is a collection of documents that contains the budget message of the.  — alan auerbach and william gale analyze the federal budget outlook, finding that the debt to gdp ratio will rise to 211% by 2054 under current policy.