Fiscal Year Usa 2024. Government accountability office (gao) today issued its annual report on the nation’s fiscal future. In cbo’s projections, the federal budget deficit in fiscal year 2024 is $1.9 trillion.
A fiscal year is an accounting or financial year customized for all the financial transactions and accounting procedures and is 12 consecutive. Cbo currently projects a deficit of $1.5 trillion for fiscal year 2024, down from $1.7 trillion in fiscal year 2023.