What Is Fiscal Year 2024. Up by 9 percent in fiscal year 2024. The deficit totals $1.6 trillion in fiscal year 2024, grows to $1.8 trillion in 2025, and then returns to $1.6 trillion by 2027.

The congressional justification of appropriations (cj) reflects the president’s budget request for the department of the treasury, and is prepared in. The chapter highlights heightened risks to public finances given potential distortions from a record number of elections this year in the context of.