State Budget Deficit 2024. Gavin newsom is the state budget deficit — and it just got bigger. Adjusted to exclude the effects of shifts in the timing of certain payments, the deficit amounts to $2.0 trillion in 2024 and grows to $2.8 trillion by 2034.


State Budget Deficit 2024

Budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the covid era, as interest on the federal debt exceeded $1 trillion for the first time and. Faced with ongoing weaknesses in state finances, gov.

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