Fy 2024 Start Date. When it comes to the federal government, the current federal fiscal year, fy 2024, starts on october 1st, 2023 and ends on september 30th, 2024. A fiscal year (fy), also known as a budget year, is a period of time used by the government and businesses for accounting purposes to formulate annual financial statements and reports.
Because the fiscal year straddles two different calendar years, the calendar year and fiscal year will not always match. Also called fiscal years, financial years are often abbreviated in print.