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Program

Public Debt Interest Program

Department: Treasury

The cabinet-level department or independent agency responsible for the program

Agency: Bureau of the Fiscal Service

The specific agency or sub-agency that administers the program

Program Type:Direct Benefit

The functional category of the program
In Official FIP? Not represented

(Debt interest is not included as an assistance-style program.)

Confidence Level: Medium

Authorizing Statute: 31 U.S.C. 3123; annual appropriations

Funding Status: Permanent / mandatory

Primary Source: https://fiscal.treasury.gov/files/reports-statements/combined-statement/cs2024/2024-cs-final.pdf

Notes: Net interest on the public debt.

Additional details about data sources and custom mapping of data are available on the Data Details page.

Outlays (millions)

Actual money spent in FY2024

$755560.95

Source: Account-group/reference mapping (medium confidence)

Obligations (millions)

Money the government committed to spend in FY2024

$755560.95

Source: Account-group/reference mapping (medium confidence)

Budget Authority (millions)

The amount Congress authorized agencies to commit

$755560.95

Source: Estimate: budget authority set equal to outlays for mandatory/benefit-style programs; see Fiscal Method.

Revenue Loss (millions)

Estimated revenue not collected due to tax policy (tax expenditures)

$0

Source: Account-group/reference mapping (medium confidence)

Primary Amount

The primary fiscal measure used for the program

$755560.95

Dollar Basis

The primary fiscal measure used for the program

Outlays

Note: Primary basis is outlays; value is exact where available, otherwise an estimate anchored to agency/program FY2024 scale. Reconciliation round: estimated outlay-bearing rows were scaled proportionally so the primary-basis FY2024 outlays subtotal equals the reference federal outlay total.

Dollar Quality

How directly the dollar amount reflects observed data

Estimated

Actual = reported or observed spending, Estimated = derived from modeling or mapping, Carry-Zero = structural row with no direct dollars