May 16, 2024 · Over the next decade, net interest spending will total a staggering $12.4 trillion. By 2034, interest costs will consume over 20 percent of revenue. As a result of the President’s economic …

Jan 30, 2025 · To put the net interest costs in perspective, payments towards interest are projected to rise from 3.1% of GDP in Fiscal Year 2024 to 4.1% of GDP by 2035. This would be the highest …

Oct 3, 2023 · We project net interest expense will rise from 2% of GDP in 2022 to 3% by 2024 and 4% by 2030, and that it will surpass the early 1990s peak by 2025.

Jan 22, 2025 · Over the next decade, the U.S. government’s interest payments on the national debt are now projected to total $13.8 trillion — the highest dollar amount for interest in any historical 10-year …

May 20, 2025 · In total, net interest payments would increase by $2.7 trillion, including nearly $540 billion in 2034 alone. Already in 2024, spending on net interest surpassed all spending on Medicare …

Our report on the U.S. government’s consolidated financial statements for fiscal years 2024 and 2023 discusses progress that has been made, but also underscores that much work remains to improve …

Receipts totaled $4.9 trillion during fiscal year 2024, CBO estimates—$479 billion more than during fiscal year 2023. Receipts increased from 16.2 percent of GDP in 2023 to 17.1 percent in 2024, just …

“In 2024, CBO projects net interest will total $870 billion, a near-record 3.1 percent of Gross Domestic Product (GDP).”

Oct 18, 2024 · Interest expense for the year totaled $1.16 trillion, the first time that figure has topped the trillion-dollar level. The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023.

Oct 31, 2024 · In fiscal year 2024, federal net interest payments have reached a historic high of $881.65 billion—the largest amount ever recorded. With interest rates elevated and the government both …