Adding to national debt is an inevitable fact of being President of the United States. The extent to which debt rises under any sitting president depends not only on the policy and spending choices they have made, but also the choices made by presidents and congresses that have come before them. Ronald Reagan and George W. Bush President Ronald Reagan increased the U.S. debt by around **** trillion U.S. dollars, or ****** percent. This is often attributed to "Reaganomics," in which Reagan implemented significant supply-side economic policies in which he reduced government regulation, cut taxes, and tightened the money supply. Spending increased under President George W. Bush in light of the wars in Iraq and Afghanistan. To finance the wars, President Bush chose to borrow the money, rather than use war bonds or increase taxes, unlike previous war-time presidents. Additionally, Bush introduced a number of tax cuts, and oversaw the beginning of the 2008 financial crisis. Barack Obama President Obama inherited both wars in Iraq and Afghanistan, and the financial crisis. The Obama administration also did not increase taxes to pay for the wars, and additionally passed expensive legislation to kickstart the economy following the economic crash, as well as the Affordable Care Act in 2010. The ACA expanded healthcare coverage to cover more than ** million more Americans through programs like Medicare and Medicaid. Though controversial at the time, more than half of Americans have a favorable view of the ACA in 2023. Additionally, he signed legislation making the W. Bush-era tax cuts permanent.

Graph and download economic data for Federal Surplus or Deficit - from 1901 to 2024 about budget, federal, and USA.

The United States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the U.S. government had a budget deficit of 1.69 trillion U.S. dollars. This is compared to 2000, when the government had a budget surplus of 0.24 trillion U.S. dollars.

U.S. Government budget

The government budget is a financial statement that demonstrates the government’s suggested revenues and spending for the financial year. Budget surpluses occur when income exceeds expenditures. Budget deficits occur when spending exceeds income. The budget balance of the U.S. government has fluctuated since 2016, and is expected to decrease slightly by 2026.

Military spending

Defense outlays in the United States amounted to 714 billion U.S. dollars in 2020. It is expected to continue to increase over the next several years. The United States currently has the largest defense budget in the world, and is the largest employer in the world. The military budget funds the Army, Marine Corps, Navy, and Air Force. The amount of funding that goes towards the Department of Defense is heavily criticized by Democrats in the United States, because they believe that the funding should be more evenly distributed towards other social welfare programs such as public health insurance and education.

Graph and download economic data for Federal Surplus or Deficit [-] as Percent of Gross Domestic Product (FYFSGDA188S) from 1929 to 2024 about budget, federal, GDP, and USA.

Graph and download economic data for Federal Debt: Total Public Debt (GFDEBTN) from Q1 1966 to Q2 2025 about public, debt, federal, government, and USA.

In September 2024, the national debt of the United States had risen up to 35.46 trillion U.S. dollars. The national debt per capita had risen to 85,552 U.S. dollars in 2021. As represented by the statistic above, the public debt of the United States has been continuously rising. U.S. public debt Public debt, also known as national and governmental debt, is the debt owed by a nations’ central government. In the case of the U.S., national debt is owed by the federal government to Treasury security holders. Generally speaking, government debt increases with government spending, and can be decreased through taxes. During the COVID-19 pandemic, the U.S. government increased spending significantly to finance virus infrastructure, aid, and various forms of economic relief. International public debt Venezuela leads the global ranking of the 20 countries with the highest public debt in 2021. In relation to the Gross Domestic Product (GDP), Venezuela's public debt amounted to around 306.95 percent of GDP. Eritrea was ranked fifth, with an estimated debt of 170 percent of the Gross Domestic Product. The national debt of the United Kingdom is forecasted to grow from 87 percent in 2022 to 70 percent in 2027, in relation to the Gross Domestic Product. These figures include England, Wales, Scotland as well as Northern Ireland. Greece had the highest national debt among EU countries as of the 4th quarter of 2020 in relation to the Gross Domestic Product. Germany ranked 13th in the EU, with its national debt amounting to 69 percent of GDP in the same time period. Tuvalu was one of the 20 countries with the lowest national debt in 2021 in relation to the GDP, while Macao had an estimated level of national debt of zero percent, the lowest of any country. The data refer to the debts of the entire state, including the central government, the provinces, municipalities, local authorities and social insurance.

Summarizes the U.S. government's total outstanding debt at the end of each fiscal year from 1789 to the current year.

By 2035, the gross federal debt of the United States is projected to be about 59.3 trillion U.S. dollars. This would be an increase of around 24 trillion U.S. dollars from 2024, when the federal debt was around 35 trillion U.S. dollars. The federal debt of the U.S. The federal debt, also called the national debt or public debt, is the amount of debt held by the United States government. This debt may be to other countries, or to different departments within the government itself. The public debt of the United States has increased significantly over the past 30 years, as it was around 3.2 trillion U.S. dollars in 1990 and surpassed 30 trillion dollars for the first time in 2022. When broken down per capita, the national debt amounted to about 80,885 U.S. dollars of debt per person in the United States in 2021. The problem of the federal debt Over the past decade, the federal debt limit in the United States has increased significantly. The U.S. debt ceiling can only be changed by an act of Congress which is then signed by the president. The raising of the ceiling has become a recurring political issue in recent years, especially during times when the Presidency and chambers of Congress are controlled by different parties. The debt ceiling is a tool that allows the Treasury to issue bonds without congressional approval, allowing for efficiency in the way that the government pays for programs and services. It is thought to be further valuable in that it keeps federal finances in check. However, when the two parties are unable to come to an agreement on raising the debt ceiling, the government comes to a shutdown because they can no longer fund themselves. The Republican Party in particular often positions itself against raising the federal debt ceiling, characterizing themselves as the party of fiscal conservativism. However, analyses have shown that both parties have contributed to the country's debt in almost equal measures.

Ronald Reagan's performance as President, his health, and his age were a central focus of this survey. Respondents also were questioned regarding the nation's economy, their personal financial situations and expectations, their impressions of a number of public figures, the federal budget deficit, government spending policies, education, 'Star Wars,' cancer, American and Soviet spying, and major league baseball. Demographic characteristics of respondents also were recorded.

Direction of country (1); Barack Obama job performance (1); Obama handling economy (1); Obama handling foreign policy (1); Obama handling war in Afghanistan (1); Congressional job performance (1); rating public figures, groups, organizations (12); role of government (1); Obama re-elected for president (1); party control of congress (1); confidence in congress (1); Republican congress bring right change (1); partisanship (1); party vote in primary election (1); Republican 2012 presidential nominees (3); candidate positions affecting vote (1); Tim Pawlenty vs. Barack Obama (1); Mitt Romney vs. Barack Obama (1); candidates possessing skills for presidency (1); positions for presidential candidates (1); Romney's stance on healthcare (1); party with influence on special interest groups/lobbyists (1); party influenced by special interest groups/lobbyists (1); economic outlook (1); personal economic situation (1); effects of stimulus (1); Obama administration responsible for economic situation (1); George W. Bush administration responsible for economic situation (1); economic situation inherited by Obama (1); role of government/congress in handling economy/budget deficit (1); economic recession (1); heading toward another recession (1); government loans to auto companies (1); cutting federal spending (1); recent events affecting respondent (1); federal debt ceiling (2); Medicare (3); reducing troops in Afghanistan (1); death of Osama bin Laden (1); Obama handling situation in Libya (1); military operations in Libya (1); television news source (1).

The forecasted budget balance for the U.S. government is predicted to fluctuate between the fiscal years of 2025 and 2035. This forecast predicts a deficit of 2.7 trillion U.S. dollars by fiscal year 2035. A fiscal year covers the period from October 1 to September 30 of a given year.

Uni-president Enterp reported TWD298.63B in Debt for its fiscal quarter ending in June of 2025. Data for Uni-president Enterp | 1216 - Debt including historical, tables and charts were last updated by Trading Economics this last September in 2025.

This poll, fielded July 9-12, 2009, is part of a continuing series of monthly surveys that solicit public opinion on the presidency and on a range of other political and social issues. Respondents were asked whether they approved of the way Barack Obama was handling the presidency, foreign policy, the situation in Iraq, health care and the economy, whether they thought things in the country were on the right track, their rating of the national economy and whether they thought the economy would get better. Respondents were also asked questions about the economic recession including how long they thought it would last, whether they believed the stimulus package made the economy better, whether the stimulus package would make the economy better in the future, whether the federal government should spend money to stimulate the national economy, whether it was acceptable to raise the deficit to create jobs and stimulate growth, and whether the federal budget deficit affected the respondent's family's financial situation. Several questions about health care were asked including whether President Obama would be able to bring about significant health care reform in his first term, whether respondents would favor government administered health insurance plans, and whether the respondent would consider public health care that anyone could join at any age. Opinions were sought about Sarah Palin, whether respondents heard about her resignation as Governor of Alaska, the reason she resigned, whether she would have the ability to be an effective president, whether the media was harder on her than other political figures, and whether respondents thought she would run for president in 2012. Other topics that were covered included, the wars in Iraq and Afghanistan, North Korea's development of weapons, Michael Jackson, the United States space program, marijuana, Barack Obama's Supreme Court Justice nominations, how the federal government should use taxpayer's money, how the deficit should be handled, personal finances, and job security. Demographic variables include sex, age, race, marital status, education level, household income, political party affiliation, political philosophy, perceived social class, religious preference, whether the respondent considered themselves to be a born-again Christian, and voter registration status and participation history.

Key information about Mexico National Government Debt

• Mexico National Government Debt reached 896.3 USD bn in Jan 2025, compared with 874.8 USD bn in the previous month.
• Mexico National Government Debt data is updated monthly, available from Dec 2005 to Jan 2025.
• The data reached an all-time high of 961.9 USD bn in May 2024 and a record low of 197.7 USD bn in Dec 2005.

CEIC calculates monthly Government Debt as the sum of External Debt and Domestic Debt and converts it into USD. The Secretary of Finance and Public Credit provides External Debt in USD and Domestic Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Mexico National Government Debt

• In the latest reports, Mexico Consolidated Fiscal Balance recorded a deficit equal to 4.2 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 47.7 % of its Nominal GDP in Sep 2024.
• Mexico Nominal GDP reached 397.5 USD bn in Mar 2023.

Uni-president Enterp reported TWD1.2B in Interest Expense on Debt for its fiscal quarter ending in June of 2025. Data for Uni-president Enterp | 1216 - Interest Expense On Debt including historical, tables and charts were last updated by Trading Economics this last September in 2025.

The United States federal government budget has allotted around ** billion dollars toward its 2025 civilian federal agency information technology budget. As leadership and government priorities change, the IT budgets allocated to different departments tend to follow suit. The Department of Energy's IT budget increased significantly by ** percent compared to the previous year, with *** billion U.S. dollars allocated in FY 2025. Similarly, the IT budget of the Department of Homeland security also increased by ** percent compared to the previous year, to around ** billion U.S. dollars for FY 2025. Meanwhile, the Office of Personnel Management saw its IT budget shrink the most among the civilian federal government agencies, decreasing by a staggering ** percent compared to FY 2024. Since the 2022 federal budget, figures do not include the portion of the budget allocated to the Department of Defense or other classified IT spending. U.S. government budget In the United States, huge shares of government expenditures go towards the Department of Health and Human Services as well as the Social Security Administration. Due in part to the country’s continually increasing budget, the government has run at an annual deficit since 2002, with its 2024 deficit estimated to over be around *** trillion dollars. Cybersecurity budget One of the main facets of the U.S. government IT budget is spending related to cybersecurity. Over ** billion U.S. dollars have been allocated towards cybersecurity in 2024. The Departments of Homeland Security and Justice have unsurprisingly had the highest cybersecurity budgets across all departments, given the sensitive nature of their work.

This poll is part of a continuing series of monthly surveys that solicit public opinion on the presidency and on a range of political, social, and economic issues. Conducted by ABC News in August of 1992, the poll focused on topics such as the effect of Ross Perot's withdrawal from the presidential race on voting preferences, evaluations of the current presidential and vice-presidential candidates, perceived responsibility for current economic conditions, and the federal government's lack of action on major problems facing the nation, the economy, and the budget deficit. Respondents were asked to rate the likelihood of their voting in the upcoming presidential election in light of their personal daily schedules and to indicate their voting preferences and strength of support for Bush, Clinton, and Perot. The poll also assessed how favorably respondents viewed the current presidential and vice-presidential candidates, and whether the respondent was satisfied that each candidate had the honesty, integrity, and ability to understand the problems of the average American and to serve effectively as president. Respondents were also asked to indicate which candidate would do the best job of dealing with family values, foreign affairs, the economy, the budget deficit, bringing needed change to government, and taxes. Bush and Clinton were also evaluated with regard to whether they had a vision for the future of the country, would get things done, and could be trusted in a crisis. Respondents were asked whether Bush or the Democrats in Congress were most responsible for the current economic conditions and the federal government's failure to act on major problems. With respect to the economy, respondents were asked whether they would be willing to contribute a percentage of their tax returns if it lowered the deficit by the same percent, whether the economy was getting better or worse, and which was more important: cutting federal taxes or spending more on domestic problems. Other items included respondents' assessments of the economic level of people Bush cared most about, and whether the United States should bomb Iraq if it believed Iraq was not in compliance with the terms of the cease-fire agreement. Demographic information includes political affiliation, political conservatism/liberalism, education, age, race, and gender.

President Chain Store reported TWD134.56B in Debt for its fiscal quarter ending in March of 2025. Data for President Chain Store | 2912 - Debt including historical, tables and charts were last updated by Trading Economics this last September in 2025.

Graph and download economic data for Gross Federal Debt (FYGFD) from 1939 to 2023 about debt, gross, federal, and USA.