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2023 Interest on federal debt. Interest expense on the public debt was approximately $678 billion in FY2023. During FY2023, the government also accrued a non-cash interest expense of $197 billion for intra-governmental debt, primarily the Social Security Trust Fund, for a total interest expense of $875 billion.
$4.4 trillion invested by 74 federal agencies $2.9 trillion in 18 managed trust funds (Social Security, Highway, etc.) $1.5 trillion in 228 other federal government trust and investment accounts; $218 billion invested by over 6,000 state and local governments; $789 billion loaned to 37 federal agencies; Summary Debt Accounting:
The first is that annual deficits have exploded, leaving the nation with a gargantuan $34.6 trillion in total federal debt, 156% higher than the national debt at the end of 2010.
In order to provide an incentive for individuals, businesses and other entities to lend money, the government must also pay these parties interest on the debt. [19] The interest expense for fiscal year 2019 is $363 billion, or 7.9% of the total budget. According to estimates from the Office of Management and Budget, interest on government debt ...
Intragovernmental debt accounts for about $6.8 trillion of the national debt, the CRFB reported in September when the debt crossed the $33 trillion mark. The much bigger piece of the debt is held ...
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This debt mainly represents obligations to Social Security recipients and retired federal government employees, including military. In the United States , intragovernmental holdings are primarily composed of the Medicare trust funds, the Social Security Trust Fund , and Federal Financing Bank securities.
"What is a Federal Agency?" (PDF). Federal Agency Directory. Louisiana State University Libraries. Archived from the original (PDF) on 18 May 2013; Kamensky, John (Spring 2013). "Mapping the Contours of the Federal Government" (PDF). Administrative and Regulatory Law News. 38 (3). American Bar Association: 3– 4