Tuesday, November 5

U.S. Government Owes $395.5 Billion In Interest On The Debt

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Feb. 26, 2023—Here’s something to remember when discussing the U.S. budget, national debt, and debt limit: The U.S. government is expected to pay $395.5 billion this fiscal year on interest charges alone.

That’s a helpful reminder that comes from the Pew Research Center in a recent post. For more information on the U.S. budget, go to the White House’s Office of Management and Budget. There you’ll find historic tables of the U.S. budget. Moreover, the U.S. government is projected to spend over $1 trillion more this year than it collects in revenue. That money not only increases the U.S. debt, it also fuels rising inflation in America and beyond.

U.S. Government Owes $395.5 Billion In Interest On The Debt, Global Economic ReportCopyright secured by Digiprove © 2023 Patti Mohr
national debt, U.S. Government Owes $395.5 Billion In Interest On The Debt, Global Economic Report

Patti Mohr

Patti Mohr is a U.S.-based journalist. She writes about global diplomacy, economics, and infringements on individual freedom. Patti is the founder of the Global Economic Report. Her goal is to elevate journalistic principles and share the pursuit of truth in concert with others.

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