Social Security Administration Budget 2024 Calendar. This summary of the 2024 trustees reports describes the outlook for both the social security and medicare programs and the projected actuarial status of the trust funds that finance them. The fiscal year (fy) 2024 budget recommendations submitted by president biden to congress on march 9, 2023, affirm his commitment to america’s seniors in major ways.
71.6 million people received benefits from programs administered by the social security administration (ssa) in 2023. Cbo raised its projections of outlays for social security from 2025 to 2034 by a total of $69 billion (or less than 1 percent) because the agency’s projections of inflation in.