Us Budget Deficit 2025

Us Budget Deficit 2025. The federal budget deficit totaled $1.1 trillion in the first half of fiscal year 2025, the congressional budget office estimates—$37 billion less than the deficit recorded during the. In cbo’s projections, the federal budget deficit in fiscal year 2025 is $1.9 trillion.

The deficit reduction in the budget increases over time, with over $500 billion of deficit reduction in 2034. The indian government on tuesday lowered its fiscal deficit target to 4.9% of gdp for the financial year ending march 2025, from 5.1% in the interim budget in february, aided.