FYOINTNet Interest on Federal Debt (FYOINT) — Current Value & Historical Data
Net Interest on Federal Debt (FYOINT) Chart & Data Table
Gray bands: NBER recessions·Dashed lines: key policy events
What is Net Interest on Federal Debt (FYOINT)?
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 Net Interest on Federal Debt (FYOINT) 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.
Net Interest on Federal Debt 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 899.00 (June 1940).
Why Net Interest on Federal Debt matters for government spending
This series is itself a category of federal spending — the interest the government pays on its debt. Interest is non-negotiable: unlike discretionary programs, it cannot be trimmed by appropriators without defaulting, so it crowds out room for everything else in the budget. Driven by both a rising debt stock and higher rates since 2022, interest outlays passed $1 trillion in fiscal 2024 and, on CBO projections, are set to exceed defense spending and approach a fifth of all federal outlays within a decade.
Methodology & Source
Source
U.S. Department of the Treasury
Frequency
Annual, Fiscal Year
Units
Millions of Dollars
Notes
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)....
Frequently Asked Questions About Net Interest on Federal Debt (FYOINT)
What is the current federal outlays: interest?
As of September 30, 2025, federal outlays: interest stands at 970065.00 Millions of Dollars.
Where does federal outlays: interest data come from?
Federal Outlays: Interest data is sourced from the Federal Reserve Economic Data (FRED) system and related U.S. government agencies. Data quality and historical coverage vary by series.
How often is federal outlays: interest updated?
This series is updated according to its publication schedule. Check FRED or the source agency for the most current release calendar.
What is the historical high and low for federal outlays: interest?
In the available data, the highest value was 970065.00 Millions of Dollars in September 2025, and the lowest was 899.00 Millions of Dollars in June 1940.
See Net Interest on Federal Debt in context
FYOINT is tracked on the Interest Expense vs Revenue dashboard, alongside related indicators and historical context.
View the Interest Expense vs Revenue dashboard →Related government-spending dashboards
How Net Interest on Federal Debt connects to the federal budget across GOVSPENDING.ORG:
Federal Debt
Total public debt, debt held by the public, and intragovernmental holdings.
Receipts vs Outlays
Federal revenue, spending, and the resulting surplus or deficit over time.
Congressional Activity
Recent legislation, appropriations, and fiscal-related bills in Congress.
Revenue Composition
Federal receipts broken down by source — individual income, corporate, social insurance, excise taxes, and customs duties as shares of total revenue.
Agency Spending (FY 2019 vs FY 2024)
Net outlays by federal agency for FY 2019 and FY 2024, from the Treasury Monthly Treasury Statement. Both nominal and inflation-adjusted comparisons.