US Net Interest FY2014

US net interest for fiscal year 2014 was $229.0 billion, up 3.7% from FY2013.

Net interest is what the federal government pays to service its debt, after subtracting interest income it receives.

FY2014

$229.0 billion

FY2013

$220.9 billion

Year on year

+3.7%

Peak on record

$1.04 trillion

FY2026

Net Interest Over Time

FY2000–FY2026

Why Net Interest Matters

Net interest is the fastest-moving major line in the budget when rates rise, and unlike program spending it buys no current services — it is the price of past borrowing.

Net Interest by Fiscal Year

FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008 FY2007 FY2006 FY2005 FY2004 FY2003 FY2002 FY2001 FY2000

Other Metrics for FY2014

Federal Deficit Federal Outlays Federal Receipts Debt Held by the Public

See the full FY2014 budget page, the federal overview, or all 50 state budgets.