Interest(ed) Spending

Net InterestInterest(ed) Spending

Budget & Tax,  | Quick Take
Feb 12, 2018  | 58 sec read | Print Article

(NOTE: Updated to clarify differences between baseline assuming Administration’s fiscal policies and budget proposal)

Baseline estimates in the President’s Budget Request put net interest – the amount spent every year to service the federal debt – growing from $364 billion in FY2019 to $859 billion in FY2028.

Starting in FY2025, net interest will exceed non-defense discretionary spending and exceed defense spending a year later. By the FY2028, net interest will $64 billion more than defense spending.

The proposed budget doesn’t make things much brighter. In FY2028 net interest will be $761 billion, just $22 billion shy of the defense total. And that takes into account all sorts of specious deficit reduction measures.



We use cookies to broadly understand analytics only on this website. If you continue to use this site, we will assume you're okay with this. Ok