U.S. Net Interest Costs to Reach $1.05 Trillion in FY2026, Up 8%
- 1Net interest payments for FY2026 are projected to rise 8% to $1.05 trillion, outpacing growth in total spending, tax revenue, and GDP
- 2Total interest costs are $1.36 trillion with an average interest rate of 3.53%, while net interest reaches 3.2% of GDP, surpassing 1991 levels
- 3Approximately one-third of public debt, over $10 trillion, is set to mature within 12 months and must be refinanced at current high rates
So what's the key point?
The U.S. government's interest payments on its debt increased by 8% in one year to $1.05 trillion. About one-third of this debt matures within a year, meaning it must be borrowed again at current high interest rates.
Source Fortune · View original ↗
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