Install
The national debt
Interest on the National Debt
What the federal government spends in interest on the public debt, month by month and fiscal year by fiscal year, as the Treasury reports it.
Interest in October 2026$115.5 billionPublic issues $98.6 billion, trust funds $16.8 billion
Fiscal year 2027 to date$115.5 billion1 month through Oct 31, 2026
Fiscal year 2026$1.36 trillionUp 11.5% from $1.22 trillion in 2025
By fiscal year
| Fiscal year | Total interest | On public issues | On trust-fund holdings | |
|---|---|---|---|---|
| 2027 1 mo. | $115,461,243,276 | $98,616,179,671 | $16,845,063,606 | |
| 2026 | $1,360,396,866,366 | $1,068,464,267,662 | $291,932,598,704 | |
| 2025 | $1,220,025,282,630 | $973,673,123,956 | $246,352,158,674 | |
| 2024 | $1,133,036,890,149 | $896,007,033,325 | $237,029,856,824 | |
| 2023 | $882,598,268,533 | $666,169,786,135 | $216,428,482,399 | |
| 2022 | $718,745,810,097 | $489,248,346,264 | $229,497,463,833 | |
| 2021 | $562,388,232,682 | $389,035,480,753 | $173,352,751,929 | |
| 2020 | $522,767,299,265 | $368,102,426,278 | $154,664,872,988 | |
| 2019 | $574,587,783,464 | $397,297,169,121 | $177,290,614,343 | |
| 2018 | $523,017,301,446 | $351,140,672,125 | $171,876,629,321 | |
| 2017 | $458,542,287,312 | $291,541,462,676 | $167,000,824,636 | |
| 2016 | $432,649,652,901 | $267,725,520,091 | $164,924,132,810 | |
| 2015 | $402,435,356,075 | $248,169,826,078 | $154,265,529,997 | |
| 2014 | $430,812,121,372 | $255,427,824,650 | $175,384,296,722 | |
| 2013 | $415,688,781,248 | $245,524,963,172 | $170,163,818,076 | |
| 2012 | $359,796,008,919 | $243,295,334,116 | $116,500,674,803 | |
| 2011 | $454,393,280,417 | $247,831,427,986 | $206,561,852,431 | |
| 2010 5 mo. | $189,541,282,193 | $92,412,675,673 | $97,128,606,520 |
A fiscal year runs from October 1 to September 30. Fiscal year 2010 starts with May 2010, the first month in the Treasury's dataset. "Public issues" is interest on securities held by the public; "trust-fund holdings" is interest credited to federal trust funds (intragovernmental), which the government pays to itself.
By month, the last three years
| Month | Fiscal year | Total interest | On public issues | On trust-fund holdings |
|---|---|---|---|---|
| October 2026 | 2027 | $115,461,243,276 | $98,616,179,671 | $16,845,063,606 |
| September 2026 | 2026 | $92,591,721,785 | $86,655,440,786 | $5,936,280,998 |
| August 2026 | 2026 | $97,768,569,546 | $81,727,308,068 | $16,041,261,478 |
| July 2026 | 2026 | $117,573,576,107 | $100,518,590,767 | $17,054,985,340 |
| June 2026 | 2026 | $185,199,785,714 | $100,866,731,359 | $84,333,054,355 |
| May 2026 | 2026 | $132,622,551,434 | $106,436,016,674 | $26,186,534,760 |
| April 2026 | 2026 | $111,600,572,509 | $91,560,195,421 | $20,040,377,088 |
| March 2026 | 2026 | $102,644,421,073 | $91,595,524,530 | $11,048,896,543 |
| February 2026 | 2026 | $93,483,359,631 | $74,525,713,085 | $18,957,646,547 |
| January 2026 | 2026 | $71,888,162,603 | $73,470,490,567 | -$1,582,327,964 |
| December 2025 | 2026 | $154,365,883,741 | $87,754,469,308 | $66,611,414,433 |
| November 2025 | 2026 | $96,254,652,133 | $85,517,422,135 | $10,737,229,998 |
| October 2025 | 2026 | $104,403,610,090 | $87,836,364,962 | $16,567,245,128 |
| September 2025 | 2025 | $91,269,656,246 | $82,051,332,718 | $9,218,323,527 |
| August 2025 | 2025 | $111,466,218,973 | $87,542,318,076 | $23,923,900,896 |
| July 2025 | 2025 | $96,324,370,526 | $83,179,264,674 | $13,145,105,852 |
| June 2025 | 2025 | $144,624,683,640 | $81,730,139,555 | $62,894,544,085 |
| May 2025 | 2025 | $92,230,405,250 | $82,986,271,971 | $9,244,133,279 |
| April 2025 | 2025 | $101,650,357,568 | $84,619,229,331 | $17,031,128,237 |
| March 2025 | 2025 | $104,413,430,718 | $90,606,488,294 | $13,806,942,424 |
| February 2025 | 2025 | $85,872,233,210 | $70,858,746,602 | $15,013,486,607 |
| January 2025 | 2025 | $83,820,977,501 | $75,726,539,466 | $8,094,438,035 |
| December 2024 | 2025 | $139,762,147,207 | $79,319,639,093 | $60,442,508,114 |
| November 2024 | 2025 | $86,592,751,812 | $77,389,764,703 | $9,202,987,109 |
| October 2024 | 2025 | $81,998,049,981 | $77,663,389,471 | $4,334,660,510 |
| September 2024 | 2024 | $84,448,301,832 | $75,913,192,893 | $8,535,108,939 |
| August 2024 | 2024 | $92,293,475,444 | $76,703,859,102 | $15,589,616,342 |
| July 2024 | 2024 | $88,549,466,363 | $77,673,759,867 | $10,875,706,496 |
| June 2024 | 2024 | $140,238,040,126 | $79,352,626,998 | $60,885,413,128 |
| May 2024 | 2024 | $103,045,207,078 | $85,310,025,011 | $17,735,182,067 |
| April 2024 | 2024 | $102,439,811,618 | $82,043,623,714 | $20,396,187,904 |
| March 2024 | 2024 | $88,653,867,156 | $81,902,945,703 | $6,750,921,453 |
| February 2024 | 2024 | $76,161,871,822 | $63,449,843,853 | $12,712,027,970 |
| January 2024 | 2024 | $69,196,125,995 | $64,669,647,726 | $4,526,478,269 |
| December 2023 | 2024 | $119,161,435,058 | $67,086,520,092 | $52,074,914,966 |
| November 2023 | 2024 | $79,923,179,591 | $69,147,992,086 | $10,775,187,505 |
Interest expense as the Treasury records it (accrued interest, amortised discounts and premiums, and interest on savings bonds and Government Account Series). Monthly figures can be negative or unusually large where the Treasury records adjustments.
Source: U.S. Treasury, Interest Expense on the Public Debt Outstanding. Updated October 31, 2026. Latest month: October 2026.