Daily Interest Expense Nears $3 Billion, US National Debt Interest Expense Surpasses $1 Trillion Annually

BlockBeats News, May 11th, according to Fortune, the US Treasury has paid approximately $628 billion in net interest expenses in this fiscal year to meet the growing interest burden of the national debt.

The data shows that the current size of the US federal government's debt is close to $39 trillion, with daily interest expenses alone approaching $3 billion, about $2.96 billion per day. This amount has exceeded the annual spending of the US on major items such as Medicare. Fiscal data also shows that in the first seven months of this fiscal year, interest expenses have exceeded $628 billion, surpassing core welfare expenditures such as Medicaid and Medicare during the same period, becoming the federal government's second-largest expenditure item.

Analysis points out that the rise in interest costs is mainly due to the expansion of the debt size and the maintenance of high long-term interest rates. Although short-term interest rates have fallen slightly, the overall cost of financing remains at a high level.

In addition, the growth in customs duty revenue has to some extent alleviated fiscal pressure, with customs duty revenue for this fiscal year growing by over 200% year-on-year, reaching approximately $190 billion. In an environment of high debt and high interest rates, the US fiscal sustainability and debt interest burden are becoming core issues of continued market concern.