Us Budget Deficit 2024 2024. 10, 2024 7 best vanguard funds for retirement vanguard funds are a great choice for retirement investing thanks to their low cost. Measured in relation to gross domestic product (gdp), the deficit amounts to 5.6 percent in 2024, grows to 6.1 percent in 2025, and then shrinks to 5.2 percent in 2027 and 2028.

The federal budget deficit was $857 billion in the first seven months of fiscal year 2024, cbo estimates—$68 billion less than the deficit recorded during the same. If washington refuses to change course, financial markets will eventually take over.