Fiscal Year 2024 Preliminary Budget 2024. President biden's fiscal year 2024 budget prioritizes investments in our nation's most vital resource: After $833 billion in expanded tax credits, it would raise nearly.

The preliminary budget is balanced by closing a projected $2.89 billion gap in fiscal year 2024 with $1.46 billion in additional resources from fy 2023, along with increased revenues in fy 2024 of $738 million and $690 million in expense savings. The budget would have shown a deficit of $1,583 billion from october 2023 through july 2024, cbo estimates, compared with $1,677 billion during the same period in fiscal year 2023, if the effects of shifting payments were excluded.