Us Budget 2024 Total Cost. Total spending in january 2024 was $498 billion, cbo estimates—$12 billion (or 3 percent) more than in january 2023. In the president’s 2024 budget request, total military compensation is $551 billion, including veterans' benefits.
Federal outlays in 2024 total $6.5 trillion, which amounts to 23.1 percent of gdp. The budget builds on the president’s historic actions to reduce student debt and the cost of college by eliminating the origination fees charged to borrowers on every.