Public debt U.S. by month 2024 | Statista (2024)

FAQs

Public debt U.S. by month 2024 | Statista? ›

The U.S. Treasury Monthly Statement of the Public Debt (MSPD) dataset details the Treasury's outstanding debts and the statutory debt limit.

The U.S. Treasury Monthly Statement of the Public Debt (MSPD) dataset details the Treasury's outstanding debts and the statutory debt limit.

As of March 2024, the United States government has a monthly interest rate of 3.22 percent on its debt, continuing an upward trend in interest rates that began at the beginning of 2022. In March 2024, U.S. debt reached 34.47 trillion U.S. dollars.

At the end of September 2023, domestic creditors held 77 percent of the outstanding debt held by the public. Foreign creditors held the remaining 23 percent. The Federal Reserve typically accounts for a significant proportion of debt held by the public owned by domestic investors.

In 2024, 33% of our outstanding public debt matures ($7.6T) and must be reissued in a higher rate environment. On top of this $7.6T, the federal deficit could hit $2.0T in 2024, which means the Treasury would have to issue nearly $10T of new debt.

Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. This means that U.S. citizens own most of the national debt.

Another way to contextualize the growth in interest costs: right now, the Treasury pays about $2.4 billion per day, on average, for interest. And unless we change course, that will rise to $4.5 billion per day in 2034.

Changing demographics of an aging population, increasing healthcare costs, and rapidly growing interest payments are the main drivers of U.S. debt.

Who does the US owe 34 trillion to? ›

The national debt is the total amount of money the U.S. owes its creditors, which includes “the public” (individual investors, businesses, commercial banks, pension funds, mutual funds, state and local governments, the Federal Reserve System and foreign governments) as well as other parts of the federal government, ...

Public and government accounts

As of July 20, 2020, debt held by the public was $20.57 trillion, and intragovernmental holdings were $5.94 trillion, for a total of $26.51 trillion. Debt held by the public was approximately 77% of GDP in 2017, ranked 43rd highest out of 207 countries.

The National Debt Explained

money from federal income tax), a budget deficit results. To pay for this deficit, the federal government borrows money by selling marketable securities such as Treasury bonds , bills , notes , floating rate notes , and Treasury inflation-protected securities (TIPS) .

Russia National Government Debt reached 281.6 USD bn in Feb 2024, compared with 287.8 USD bn in the previous month. Russia National Government Debt data is updated monthly, available from May 2009 to Feb 2024. The data reached an all-time high of 384.2 USD bn in Jun 2022 and a record low of 86.1 USD bn in May 2009.

Singapore is one of Asia's major financial centers. It is also one of the most prosperous countries on the planet. And all this has been achieved without taking on any meaningful public debt. In fact, very much like Norway, Singapore has more assets than debt.

It's 22% higher than the U.S. gross national product as of June 30 (about $27 trillion). It's six times the U.S. debt figure in 2000 ($5.6 trillion). Paid back interest-free at the rate of $1 million an hour, $33 trillion would take more than 3,750 years.

Statement of Debt

Your statement will show your debt information for up to 5 years. It will include: when we raised your debt. your debt repayment and transaction history.

The Account Statements will be available on the 1st business day of the month no later than 1pm Eastern Time.

United States Monthly Budget Statement

The Monthly Budget Statement released by the Financial Management Service summarizes the financial activities of federal entities, disbursing officers, and Federal Reserve banks. A positive budget statement that receipts exceed budgetary outlays is seen as bullish for the USD.

The U.S. Treasury Budget is a monthly statement that summarizes the total receipts and expenditures of the federal government. Officially known as the Monthly Treasury Statement, it also reveals the monthly surpluses or deficits in federal spending. If there is a deficit it indicates the means of financing it.