How Much Interest Does the US Pay, FY2010 to FY2026?
US interest expense on the debt outstanding went from $414.0B in FY2010 to $1,360B in FY2026 (3.29x).
| Period | US interest expense |
|---|---|
| FY2026 | $1,360.4B |
| FY2025 | $1,220.0B |
| FY2024 | $1,133.0B |
| FY2023 | $882.6B |
| FY2022 | $718.7B |
| FY2021 | $562.4B |
| FY2020 | $522.8B |
| FY2019 | $574.6B |
| FY2018 | $523.0B |
| FY2017 | $458.5B |
| FY2016 | $432.6B |
| FY2015 | $402.4B |
| FY2014 | $430.8B |
| FY2013 | $415.7B |
| FY2012 | $359.8B |
| FY2011 | $454.4B |
| FY2010 | $414.0B |
Compound annual growth, FY2010 to FY2026: +7.7%. Largest one-year change: +28.4% (FY2024 vs FY2023); smallest: -20.8% (FY2012 vs FY2011).
What is counted: the sum of all rows in Treasury's Interest Expense on the Debt Outstanding dataset for each full fiscal year, in nominal US dollars. This is gross interest: it includes interest on debt held by federal government accounts as well as debt held by the public. Fiscal years: FY2026 ends Sep 2026; US fiscal years run Oct to Sep.
Source: U.S. Treasury, Fiscal Data, Interest Expense on the Debt Outstanding, through 2026-09-30. Not affiliated with or endorsed by the U.S. Treasury. For information only. Not financial advice.
Not affiliated with or endorsed by the U.S. Treasury. For information only. Not financial advice. Figures are computed from the source data by script and rounded for display. Watch the Short on YouTube.