Federal Debt and Interests Costs
Abstract
The federal debt has grown rapidly in the past decade, and this trend is projected to continue. Interest costs have grown commensurately and now account for about one of every seven dollars spent by the government. In response to a request from the House Committee on Ways and Means, this study provides background material on federal debt and interest costs--their components, their sensitivity to assumptions about future deficits and interest rates, and the choices that the Treasury faces in deciding the mix of securities it will offer.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 01, 1993
- Accession Number
- ADA276205
Entities
Organizations
- Congressional Budget Office