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US Government Devotes 23% of Revenue to Interest Payments

Interest expenditures topped $1.2 trillion in the past year, reaching near-century highs in fiscal burden.

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Terms & Concepts
  • Interest Expenditure: The amount a government pays to service its outstanding debt, typically expressed annually.
  • Fiscal Revenue: Total income collected by the government through taxes, fees, and other sources.
  • Debt Servicing Ratio: The proportion of revenue used to pay interest on outstanding debt.