Fiscal Year 2024 Preliminary Budget. Cbo currently projects a deficit of $1.5 trillion for fiscal year 2024, down from $1.7 trillion in fiscal year 2023. 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 recorded during the same period last fiscal year.
Why interim budget 2024 is relevant to the upsc preliminary as well as for upsc main exams? Cbo projects a deficit of $1.5 trillion for fiscal year 2024, down from $1.7 trillion in fiscal year 2023.