Fiscal Year 2024. — a fiscal year can run from jan. Cbo currently projects a deficit of $1.5 trillion for fiscal year 2024, down from $1.7 trillion in fiscal year 2023.
At uci, the fiscal year begins on july 1 and ends on june 30. 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.