2024 Budget Plan. Chancellor rachel reeves has delivered labour’s first budget since 2010, after the party’s return to power in july’s general election. Government’s final budget results for the fiscal year 2024, showing the total receipts and outlays.
The federal budget deficit was $1.8 trillion in fiscal year 2024, the congressional budget office estimates. The budget invests more than $24 billion to help build communities’ resilience to floods, wildfires, storms, extreme heat, and drought brought on by climate change, expand.