3rd December 2019

usgovernmentdebt
16

What is the current national debt?

At the end of FY 2018 the gross US federal government debt is estimated to be $21.48 trillion, according to the FY19 Federal Budget.

Also asked, how much interest is paid on the national debt?

4 Net interest payments on the debt are estimated to total $276.2 billion this fiscal year, or 6.8% of all federal outlays. (The government projects it will pay out about $474.5 billion in interest in fiscal 2017, which ends Sept. 30.

How much does each American owe to pay off the national debt?

The $19 trillion in debt translates to a $152,000 bill for the average family — and the national debt continues to increase. The Congressional Budget Office (CBO) estimates that federal spending in 2016 will cause the debt to increase by another $544 billion.

How big is the national debt?

Intra-governmental holdings stood at $5.35 trillion, giving a combined total public debt of $19.19 trillion. U.S. GDP for the previous 12 months was approximately $18.15 trillion, for a total debt to GDP ratio of approximately 106%.
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