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Debt Clock

Today’s Federal Debt is about $17,885,874,933,000.

The amount is the gross federal debt issued by the United States Department of the Treasury since 1790. It doesn’t include state and local debt, and it doesn’t include the so-called unfunded liabilities of entitlement programs like Social Security and Medicare.


Total US Government Debt in 2015


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At the end of FY 2015 the total government debt in the United States, including federal, state, and local, is expected to be $21.897 trillion.

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Total Federal Government Debt in 2015


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At the end of FY 2015 the gross US federal government debt is estimated to be $18.713 trillion, according to the FY16 Federal Budget. Of this gross amount, debt “Held by the Public: Other” is estimated by usgovernmentspending.com at $11.520 trillion, debt “Held by the Public: Federal Reserve System” (i.e. monetized debt) is estimated by usgovernmentspending.com at $2.072 trillion and debt “Held by Federal Government Accounts” is estimated at $5.122 trillion.

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Total State Government Debt in 2015


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At the end of FY 2015 the state government debt in the United States is expected to be $1.228 trillion.

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Total Local Government Debt in 2015


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At the end of FY 2015 the local government debt in the United States is expected to be $1.956 trillion.

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Debt Data Sources

Debt data is from official government sources.
  Federal data since 1962 comes from the president’s budget.
  All other debt data comes from the US Census Bureau.

Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.

Detailed table of debt data sources here.

Federal debt data begins in 1792.

State and local debt data begins in 1890.

State and local debt data for individual states begins in 1957.

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Gross Federal Debt

Debt: $17,885,874,933,000

Data Sources for 2010_2019:

Sources for 2010:

GDP, GO: See GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
Guesstimated” by projecting the latest change in reported spending forward to future years

Sources for 2019:

GDP, GO: See GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
Guesstimated” by projecting the latest change in reported spending forward to future years

> data sources for other years
> data update schedule.

Federal Deficit Announced for FY14

On October 13, 2014, the US Treasury reported in its Monthly Treasury Statement for September that the federal deficit for FY14 ending September 30 was $483 billion. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the FY 15 federal budget published in February 2014:

Federal Finances
FY14 Outcomes
Budget
billions
Outcome
billions
Receipts $3,002$3,021
Outlays$3,651$3,504
Deficit$649$483

usfederalbudget.us now shows the new numbers for total FY14 outlays and receipts on its Estimate vs. Actual page.

The Monthly Treasury Statement includes "Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, September 2014 and Other Periods".   This table of outlays by function makes it possible for usgovernmentspending.com to estimate outlays by "subfunction" for FY2014 by factoring budgeted amounts by the difference between budgeted and actual "function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.

Final detailed FY2014 numbers will not appear until the FY2016 federal budget is published in February 2015

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usgovernmentdebt.us was designed and executed by:

Christopher Chantrill.

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