Us Budget Deficit 2024. Total federal debt is now about $35 trillion, up from about $20 trillion when mr. Between 2024 and 2033, spending would total $82.2 trillion (24.8 percent of gdp), revenue would total $65.2 trillion (19.7 percent of gdp), and budget deficits.
It grew by about $7.8. Raising the corporate tax rate would reduce the deficit by $1 trillion over the next decade, according to the committee for a responsible federal budget.