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Interest Costs in the Federal Budget

Federal interest as a share of outlays and of tax receipts, %

Share of outlays: 13.8% in 2025the highest since 1998+6.3 pp since 1960
YTD1y2y5y10y20yAll
ForecastOffContinuationForesight™
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U.S. recessionsShades the months the NBER dates as recession. U.S. charts only.High and lowMarks the highest and lowest readings in the window shown.
Reading overdue·Data to 2025

Plays the chart through its history. Pauses are where the data set a record or moved most.

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How much of the federal budget goes to paying interest on the debt. It rises when debt grows or rates climb, crowding out other spending.

What this chart reads

Sources

US Interest · % of Federal Outlays. Source: Derived by Palanor from OMB / Treasury data via FRED.

US Interest · % of Federal Tax Receipts. Source: Derived by Palanor from BEA NIPA data via FRED.

Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.

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