(The Center Square) – The federal government spent $1.8 trillion more than it collected in tax revenue in fiscal year 2024, according to figures released Friday by U.S. Treasury Department.
When I worked civil service, it was always written as just the current year. So if it was after the end of the fiscal year for the current calendar year (2024) it’d always be referred to simply as FY2025 even though it’s October. Not sure why, but probably just shorthand.
When I worked civil service, it was always written as just the current year. So if it was after the end of the fiscal year for the current calendar year (2024) it’d always be referred to simply as FY2025 even though it’s October. Not sure why, but probably just shorthand.