FYOINTFederal Outlays: Interest — Current Value & Historical Data
What is Federal Outlays: Interest?
Federal Outlays: Interest measures the gross interest the U.S. government pays annually on its outstanding debt, sourced from the U.S. Treasury's Monthly Treasury Statement and reported by fiscal year. Interest expense is a direct function of the debt stock and the average rate paid on that debt — both of which have been rising since 2022. Interest rose from roughly $400 billion per fiscal year in the 2010s to over $1 trillion in fiscal year 2024, as the combination of a growing debt stock and the Federal Reserve's post-2022 tightening cycle refinanced low-yield Treasury securities into today's higher-coupon securities. Congressional Budget Office projections show interest outlays exceeding defense spending within a few years and approaching 20% of total federal outlays by the mid-2030s under current law.
Current Federal Outlays: Interest Value
As of September 30, 2025, the current federal outlays: interest is 970065.00 Millions of Dollars. This is the most recent observation available for this series, updated annual, fiscal year.
Historical Trend
Federal Outlays: Interest rose 10.25% year-over-year. In the series' tracked history, the highest recorded value was 970065.00 (September 2025), and the lowest was 223181.00 (September 2015).
Methodology & Source
Source: U.S. Department of the Treasury
Frequency: Annual, Fiscal Year
Units: Millions of Dollars
Dates represent the end of the fiscal year. Fiscal year series are updated with official OMB figures in January or February. In October, the latest fiscal year is updated with figures from the Treasury Department (September figures from the Treasury's fiscal year to date series)....