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Title: A record $8.9 trillion of government debt will mature over the next year,
Source: [None]
URL Source: https://citizenwatchreport.com/a-re ... -in-2024-will-be-1-6-trillion/
Published: Jun 10, 2024
Author: Mike Rivero
Post Date: 2024-06-10 20:26:31 by Horse
Keywords: None
Views: 14

the government budget deficit in 2024 will be $1.6 trillion.

A record $8.9 trillion of government debt will mature over the next year, see the first chart below. The government budget deficit in 2024 will be $1.4 trillion according to the CBO, and the Fed has been running down its balance sheet by $60 billion per month.

The bottom line is that someone will need to buy more than $10 trillion in US government bonds in 2024. That is more than one-third of US government debt outstanding. And more than one-third of US GDP.

The government budget deficit in 2024 is projected to be $1.6 trillion according to the Congressional Budget Office.


Poster Comment:

I expect a crash so these numbers are low estimates.

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