What We're Showing
This graphic shows U.S. federal debt projections to 2035, based on data from the Congressional Budget Office.
Figures represent federal debt held by the public, reflected as a percentage of GDP.
Key Takeaways
- Over the next decade, federal debt as a share of GDP is set to continue rising as interest costs and mandatory spending exceed revenues.
- By 2035, net interest on the federal debt is forecast to reach nearly $1.8 trillion, more than double 2024 levels.
- To look at it another way, net interest costs are expected to be 1.7 times higher than defense spending in 2035.
