Va Cost Of Living Raise 2024. In 2024, rates increased 3.2% to help veterans and their families access vital necessities. The department would overspend its approved fiscal 2024 budget by nearly $3 billion, and that the 2025 budget the biden administration proposed earlier this year would fall short by about $12 billion.

For the upcoming year, veterans receiving va disability benefits will once again see a cola increase to their benefits. Va chief says increased outreach, utilization drove massive budget shortfall.