US Net Interest FY2022
US net interest for fiscal year 2022 was $475.9 billion, up 35.1% from FY2021.
Net interest is what the federal government pays to service its debt, after subtracting interest income it receives.
FY2022
$475.9 billion
FY2021
$352.3 billion
Year on year
+35.1%
Peak on record
$1.04 trillion
FY2026
Net Interest Over Time
FY2000โFY2026
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 โ it is the price of past borrowing.
Net Interest by Fiscal Year
FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015FY2014FY2013FY2012FY2011FY2010FY2009FY2008FY2007FY2006FY2005FY2004FY2003FY2002FY2001FY2000
Other Metrics for FY2022
See the full FY2022 budget page, the federal overview, or all 50 state budgets.