U.S. Interest Costs on Public Debt Reach $179 Billion Early in FY 2026
Government debt servicing expenses rose $19 billion year-on-year in the first two months of the fiscal year, becoming the second-largest federal outlay behind Social Security.
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Terms & Concepts
- Fiscal Year (FY): A 12-month period used by governments and businesses for accounting and budget purposes, which may differ from the calendar year.
- Public Debt: The total amount of money owed by a government to creditors, including domestic and foreign entities.
- Net Interest Costs: The amount the government pays in interest on its outstanding debt minus the interest it receives from its assets.