2024 United States federal budget
| Total revenue | $4.919 trillion (actual) 17.1% of GDP |
|---|---|
| Total expenditures | $6.752 trillion (actual) 23.4% of GDP |
| Deficit | $1.833 trillion (actual)
6.4% of GDP |
|
‹ 2023 2025› | |
The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024.
The negotiations for FY 2024 were particularly contentious. The 2023 United States debt-ceiling crisis led to the passage of the Fiscal Responsibility Act of 2023, which capped discretionary spending in FY2024 and FY2025. Later, disagreements over the passage of an initial continuing resolution caused the removal of Kevin McCarthy as speaker and replacement with Mike Johnson. The process also saw repeated unsuccessful attempts to pass legislation by a straight party-line vote without minority involvement, which is unusual in American politics; however, there were also a few instances where the minority party supported a procedural rule vote, which is also unusual.
The federal government initially operated under a series of four temporary continuing resolutions that largely extended 2023 budget spending levels, as legislators were debating the specific provisions of the 2024 appropriations. The final appropriations were ultimately passed in a pair of bills approved in March 2024.