US budget spending for fiscal year 2024 is $1.8 trillion higher than revenue

The draft US budget for fiscal year 2024 suggests that US spending will be more than $6.8 trillion and revenues will be about $5 trillion. This is stated in a document published on the White House website.

The budget deficit in fiscal year 2024 will amount to $1.846 trillion.

On March 9, the administration of US President Joe Biden requested $842 billion in military spending for fiscal year 2024, up 3.2% from 2023. ---More...