Federal debt of the United States - forecast 2019-2030

By 2030, the gross federal debt of the United States is projected to be about 36.2 trillion U.S. dollars. This would be an increase of about 13.5 trillion U.S. dollars from 2019, when the federal debt was 22.67 trillion U.S. dollars.

The federal debt of the U.S.

The federal debt, also called the national debt or public debt, is the amount of debt held by the United States government. This debt may be to other countries, or to different departments within the government itself. The public debt of the United States has increased significantly over the past 30 years, as it was around 3.2 trillion U.S. dollars in 1990 and totaled around 22.72 trillion U.S. dollars in September 2019.

The problem of the federal debt

Over the past number of years, the federal debt limit in the United States has been hiked significantly, which in the past few years was done in order to prevent the U.S. government from shutting down. The issue of the U.S. federal debt has put a wedge between Democrats and Republicans, as the two parties are unable to find an effective solution to reduce the federal debt.

When broken down per capita, the national debt amounted to about 65,600 U.S. dollars of debt per person in the United States.

Forecast of the gross federal debt of the United States for fiscal years 2019 to 2030

YearNational debt in billion U.S. dollars
2030*36,204
2029*34,805
2028*33,583
2027*32,252
2026* 31,109
2025* 29,790
2024* 28,476
2023* 27,295
2022* 26,112
2021* 24,901
2020* 23,790
201922,668
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Source

Release date

January 2020

Region

United States

Survey time period

FY 2019

Supplementary notes

* Projected.

Gross federal debt comprises federal debt held by the public plus Treasury securities held by federal trust funds and other government accounts.

The fiscal year is the accounting period for the federal government which begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends

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Statistics on "U.S. public debt"

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