In the fiscal year of 2024, New York's state debt stood at about ****** billion U.S. dollars. Comparatively, the state's debt was approximately ***** billion U.S. dollars in 2000. The national debt of the United Stated can be found here.

Amount of debt outstanding as of June 30 of each year. SOURCES: IBO; New York City Comprehensive Annual Financial Report of the Comptroller (various years); Annual Report of the Comptroller on Capital Debt and Obligations (various years); New York City Municipal Water Finance Authority Comprehensive Annual Financial Reports (various years) NOTES: 1In determining what to include as outstanding debt of the City of New York, IBO considered: (1) the city's obligation (contractual and moral) to repay the debt, (2) whether the revenues pledged toward the repayment of the debt would have otherwise accrued to the city, and (3) whether the proceeds of the debt issuance accrue directly to the city. 2GO debt is net of bonds held for debt service on other city-related obligations, referred to in the Comptroller's Comprehensive Annual Financial Report (CAFR) as Treasury Obligations. The 2000–2002 CAFRs show outstanding general obligation debt, before Treasury Obligations, in 2000 and 2001 as $26,892 million and $26,836 million, respectively. However, CAFRs from 2003 on show higher GO debt for the two years, $353 million more for 2000 and $311 million more for 2001; the 2003 CAFR does not provide a note explaining the revisions. IBO uses the numbers reported from 2003 forward. 3Fiscal years 2000, 2002, and 2003 include short-term bond anticipation notes outstanding at year-end of $515 million, $2.2 billion, and $1.1 billion, respectively. 4For fiscal year 2000, Capital Lease Obligations to HHC and PCDC are reported jointly. 5In FY 2008, JSDC bonds outstanding were redeemed with GO bond proceeds, resulting in the elimination of JSDC debt, a reduction in conduit debt outstanding and partially accounting for the increase in GO debt from 2007 to 2008 General Obligation: General obligation bonds are backed by the full faith and credit of the city. City property tax collections are pledged first to pay the principal and interest on these bonds. Treasury Obligations: Treasury obligations are New York City bonds held as investments by the city or by the related entities covered here, including MAC and SFC. They are netted out in order to avoid double counting of the city's obligations. Transitional Finance Authority: Created in 1997, the Transitional Finance Authority (TFA) is a separate legal entity from the City of New York. TFA General Purpose Bonds are secured by the city's collections of personal income tax and, if necessary, sales tax. Recovery Bonds, issued in response to the events of September 11, 2001 differ from general purpose bonds in that they are excluded from the calculation of outstanding TFA debt allowed under the debt limit. TFA Building Aid Revenue Bonds: In fiscal year 2006, the city was authorized by the state Legislature to assign to the TFA all or any portion of the state building aid payable to the city or its school district. The TFA in turn is authorized to issue bonds secured by the aid and dedicated to financing a portion of the city's educational facilities capital plan. TSASC: TSASC Inc. (formerly known as the Tobacco Settlement Asset Securitization Corporation) is a separate legal entity from the City of New York. TSASC bonds are secured by the corporation's purchase from the city of the future revenue stream under a settlement agreement resolving cigarette smoking-related litigation between the settling states and participating manufacturers. Municipal Assistance Corporation for the City of New York: The Municipal Assistance Corporation (MAC) was a separate legal entity from the City of New York, created in 1975 and formally dissolved in 2008. With New York City experiencing a severe fiscal crisis in 1975, MAC allowed the city continued access to credit markets and assisted in the prevention of a default of city general obligation bonds. MAC bonds were secured by state collections of

Public authorities are required by Section 2800 of Public Authorities Law to submit annual reports to the Authorities Budget Office that includes a schedule of the authorities’ debt. The dataset consists of a schedule of debt reported by State Authorities that covers 8 fiscal years, which includes fiscal years ending in the most recently completed calendar year.

In the fiscal year of 2021, total state and local government debt in the state of New York amounted to 20.07 percent of the annual Gross Domestic Product of the state. In Kentucky, this figure amounted to 22.78 percent of the state's annual GDP, the highest of any state.

The national debt of the United Stated can be found here.

In 2022, the federal state of California had about 558.68 billion U.S. dollars of debt outstanding, the most out of any state. New York, Texas, Illinois, and Florida rounded out the top five states with the most debt outstanding in 2022.

New York City Annual Debt Service Expense from FY2000 – FY2020 Dollars in millions SOURCES: IBO; Mayor's Office of Management and Budget (OMB); New York City Comprehensive Annual Financial Report of the Comptroller (various years); Annual Report of the Comptroller on Capital Debt and Obligations (various years); New York City Municipal Water Finance Authority Comprehensive Annual Financial Report (various years). NOTES: (1) Debt service is the cost to New York City of repaying its outstanding debt, including both principal and interest. The figures in the table have been adjusted to reflect debt service that was originally scheduled for payment in each year since 2000. (2) New York City is required to have a balanced annual budget. In years when it runs a surplus, the primary means the city uses to comply with this requirement is to use up some or all of the surplus by prepaying some of the subsequent years' debt service expenses. As a result, the cash outlay for debt service in a given year is not an accurate representation of the true cost of debt service in that year. (3) The defeasance of $536 million of GO bonds in 2007 reduced debt service in 2008, 2009, and 2010. Debt service in the table is presented as if the defeasance had not occurred. (4) The defeasance of $1.986 billion of GO bonds in 2008 reduced debt service in 2010. Debt service in the table is presented as if the defeasance had not occurred. (5) The defeasance of $718 million of TFA bonds in 2007 reduced debt service in 2008, 2009, and 2010. Debt service in the table is presented as if the defeasance had not occurred. (6) The defeasance of $196 million of TFA bonds in 2013 reduced debt service in 2014, 2015, and 2016. Debt service in the table is presented as if the defeasance had not occurred. (7) The defeasance of $637 million of TFA bonds in 2015 with savings from Sales Tax Asset Receivable Corporation (STAR) reduced debt service in 2015, 2016, 2017 and 2018. Debt service in the table is presented as if the defeasance had not occurred. (8) The defeasance of $65 million of Jay Street Development Corporation (JSDC) bonds in 2007 reduced debt service in 2009 and 2010. Debt service in the table is presented as if the defeasance had not occurred. (9) TFA BARBs and TSASC are not included in OMB's or the Comptroller's definitions of New York City outstanding debt. For an explanation of these items, and their inclusion in NYC IBO's definition of New York City outstanding debt, please see New Outstanding Debt. (10) In 2006, TSASC restructured its outstanding indebtedness. This included a one time expense of $161 million for redeeming all bonds issued under a secured loan agreement with the United States Department of Transportation, via the department's Transportation Infrastructure Finance and Innovation Act (TIFIA) program. Additionally, all prior year TSASC bond series were defeased, leaving only series 2006-1 bonds outstanding.

United States New York: Expenditure: Direct: Interest on Debt data was reported at 14,701,604.000 USD th in 2016. This records an increase from the previous number of 14,343,756.000 USD th for 2015. United States New York: Expenditure: Direct: Interest on Debt data is updated yearly, averaging 5,375,238.000 USD th from Mar 1957 (Median) to 2016, with 55 observations. The data reached an all-time high of 14,872,025.000 USD th in 2013 and a record low of 278,098.000 USD th in 1957. United States New York: Expenditure: Direct: Interest on Debt data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.F041: Revenue & Expenditure: State and Local Government: New York.

Comprehensive dataset of 34 Debt collectings in New York, United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

This dataset has various calculations of debt burden. The data is represented as percentages and will be updated twice per year in the Preliminary and Executive Budgets.

In 2022, the federal state of New York had a debt of around ****** U.S. dollars per capita, the most out of any state in the U.S. While not a state, the District of Columbia had an even higher per capita debt, at ****** U.S. dollars. The total debt accrued by the U.S. annually can be accessed here, and outstanding debt by state here.

This data set provides information on outstanding principal and interest amounts of New York City General Obligation bonds.

New York Times reported $248K in Interest Expense on Debt for its fiscal quarter ending in March of 2025. Data for New York Times | NYT - Interest Expense On Debt including historical, tables and charts were last updated by Trading Economics this last July in 2025.

New York Times reported $0 in Debt for its fiscal quarter ending in March of 2025. Data for New York Times | NYT - Debt including historical, tables and charts were last updated by Trading Economics this last July in 2025.

United States New York: Gen Exp: Interest on General Debt data was reported at 11,499,499.000 USD th in 2015. This records a decrease from the previous number of 12,033,963.000 USD th for 2014. United States New York: Gen Exp: Interest on General Debt data is updated yearly, averaging 3,947,388.000 USD th from Mar 1957 (Median) to 2015, with 57 observations. The data reached an all-time high of 12,086,103.000 USD th in 2013 and a record low of 203,515.000 USD th in 1957. United States New York: Gen Exp: Interest on General Debt data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.F041: Revenue & Expenditure: State and Local Government: New York.

Statement of Debt Affordability pursuant to Chapter 16 of the Laws of 1997 of the State of New York. This dataset is updated annually. Numerical data is shown in $ in Millions or in Persons and identified in the column labeled Units.

Analysis of ‘NYC Independent Budget Office (IBO) Debt Service Since FY 2000’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://catalog.data.gov/dataset/8b64284d-5425-4985-95a3-f08f5869eeda on 27 January 2022.

--- Dataset description provided by original source is as follows ---

New York City Annual Debt Service Expense from FY2000 – FY2020 Dollars in millions

SOURCES: IBO; Mayor's Office of Management and Budget (OMB); New York City Comprehensive Annual Financial Report of the Comptroller (various years); Annual Report of the Comptroller on Capital Debt and Obligations (various years); New York City Municipal Water Finance Authority Comprehensive Annual Financial Report (various years).

NOTES:
(1) Debt service is the cost to New York City of repaying its outstanding debt, including both principal and interest. The figures in the table have been adjusted to reflect debt service that was originally scheduled for payment in each year since 2000.

(2) New York City is required to have a balanced annual budget. In years when it runs a surplus, the primary means the city uses to comply with this requirement is to use up some or all of the surplus by prepaying some of the subsequent years' debt service expenses. As a result, the cash outlay for debt service in a given year is not an accurate representation of the true cost of debt service in that year.

(3) The defeasance of $536 million of GO bonds in 2007 reduced debt service in 2008, 2009, and 2010. Debt service in the table is presented as if the defeasance had not occurred.

(4) The defeasance of $1.986 billion of GO bonds in 2008 reduced debt service in 2010. Debt service in the table is presented as if the defeasance had not occurred.

(5) The defeasance of $718 million of TFA bonds in 2007 reduced debt service in 2008, 2009, and 2010. Debt service in the table is presented as if the defeasance had not occurred.

(6) The defeasance of $196 million of TFA bonds in 2013 reduced debt service in 2014, 2015, and 2016. Debt service in the table is presented as if the defeasance had not occurred.

(7) The defeasance of $637 million of TFA bonds in 2015 with savings from Sales Tax Asset Receivable Corporation (STAR) reduced debt service in 2015, 2016, 2017 and 2018. Debt service in the table is presented as if the defeasance had not occurred.

(8) The defeasance of $65 million of Jay Street Development Corporation (JSDC) bonds in 2007 reduced debt service in 2009 and 2010. Debt service in the table is presented as if the defeasance had not occurred.

(9) TFA BARBs and TSASC are not included in OMB's or the Comptroller's definitions of New York City outstanding debt. For an explanation of these items, and their inclusion in NYC IBO's definition of New York City outstanding debt, please see New Outstanding Debt.

(10) In 2006, TSASC restructured its outstanding indebtedness. This included a one time expense of $161 million for redeeming all bonds issued under a secured loan agreement with the United States Department of Transportation, via the department's Transportation Infrastructure Finance and Innovation Act (TIFIA) program. Additionally, all prior year TSASC bond series were defeased, leaving only series 2006-1 bonds outstanding.

--- Original source retains full ownership of the source dataset ---

The statistic shows the national debt of the United States from 2019 to 2022 in relation to the gross domestic product (GDP), with projections up until 2029. In 2022, the national debt of the United States was at around 120.03 percent of the gross domestic product. See the US GDP for further information. US finances There has been a dramatic increase in the public debt of the United States since 1990, although the month-to-month change has been quite stable over the last few months. Public debt is defined as the amount of money borrowed by a country to cover budget deficits. A ranking of individual state debt in the United States shows that California is leading by a clear margin, with more than double the amount of runner-up New York. Vermont, North Dakota and South Dakota are the states with the lowest amount of debt. Even before the recession of 2008, the national debt of the United States had been increasing steadily and excessively, and it is predicted to rise even further. Budget cuts and fewer job opportunities as a result of the crisis are taking their toll on the American economy, which is still recovering. Trade figures as well as unemployment are still below average. Subsequently, the national debt and the national debt of the United States per capita have more or less quadrupled since the 1990s. Interestingly, the United States is not even among the top ten of countries with the highest public debt in relation to gross domestic product in international comparison. Japan, Greece and Italy – among others – report far higher figures than the United States.

Consumers in the United States had over **** trillion dollars in debt as of the first quarter of 2025. The majority of that debt were home mortgages, amounting to approximately **** trillion U.S. dollars. Student and car loans were the second and third largest component of household debt. Why is consumer debt important? Debt influences the Consumer Sentiment Index, which is an important indicator assessing the state of the U.S. economy. The U.S. housing market is also seen a bellwether of the economic conditions in the country. The housing industry employs a large number of people, and mortgages are large investments that consumers will pay off over the course of years, sometimes decades. Because of this, financial analysts closely watch consumer debt and its effects on the demand for housing. Attitudes towards debt Consumer perception of debt differed, depending on the kind of debt in question. While most saw a home mortgage as a positive investment, they increasingly looked at student loan debt as a negative debt. With education costs increasing, people are incurring more student loan debt in the United States. Credit card debt also had negative connotations.

Public authorities are required by Section 2800 of Public Authorities Law to submit annual reports to the Authorities Budget Office that includes debt information. The dataset consists of new debt issuances reported by Local Development Corporations that covers 8 fiscal years, which includes fiscal years ending in the most recently completed calendar year.

Analysis of ‘NYC Independent Budget Office (IBO) Debt Outstanding Since FY 2000’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://catalog.data.gov/dataset/3ac50156-4367-435d-822e-f3bd539f7fc4 on 27 January 2022.

--- Dataset description provided by original source is as follows ---

Amount of debt outstanding as of June 30 of each year.

SOURCES: IBO; New York City Comprehensive Annual Financial Report of the Comptroller (various years); Annual Report of the Comptroller on Capital Debt and Obligations (various years); New York City Municipal Water Finance Authority Comprehensive Annual Financial Reports (various years) NOTES: 1In determining what to include as outstanding debt of the City of New York, IBO considered: (1) the city's obligation (contractual and moral) to repay the debt, (2) whether the revenues pledged toward the repayment of the debt would have otherwise accrued to the city, and (3) whether the proceeds of the debt issuance accrue directly to the city. 2GO debt is net of bonds held for debt service on other city-related obligations, referred to in the Comptroller's Comprehensive Annual Financial Report (CAFR) as Treasury Obligations. The 2000–2002 CAFRs show outstanding general obligation debt, before Treasury Obligations, in 2000 and 2001 as $26,892 million and $26,836 million, respectively. However, CAFRs from 2003 on show higher GO debt for the two years, $353 million more for 2000 and $311 million more for 2001; the 2003 CAFR does not provide a note explaining the revisions. IBO uses the numbers reported from 2003 forward. 3Fiscal years 2000, 2002, and 2003 include short-term bond anticipation notes outstanding at year-end of $515 million, $2.2 billion, and $1.1 billion, respectively. 4For fiscal year 2000, Capital Lease Obligations to HHC and PCDC are reported jointly. 5In FY 2008, JSDC bonds outstanding were redeemed with GO bond proceeds, resulting in the elimination of JSDC debt, a reduction in conduit debt outstanding and partially accounting for the increase in GO debt from 2007 to 2008

General Obligation: General obligation bonds are backed by the full faith and credit of the city. City property tax collections are pledged first to pay the principal and interest on these bonds.

Treasury Obligations: Treasury obligations are New York City bonds held as investments by the city or by the related entities covered here, including MAC and SFC. They are netted out in order to avoid double counting of the city's obligations.

Transitional Finance Authority: Created in 1997, the Transitional Finance Authority (TFA) is a separate legal entity from the City of New York. TFA General Purpose Bonds are secured by the city's collections of personal income tax and, if necessary, sales tax. Recovery Bonds, issued in response to the events of September 11, 2001 differ from general purpose bonds in that they are excluded from the calculation of outstanding TFA debt allowed under the debt limit.

TFA Building Aid Revenue Bonds: In fiscal year 2006, the city was authorized by the state Legislature to assign to the TFA all or any portion of the state building aid payable to the city or its school district. The TFA in turn is authorized to issue bonds secured by the aid and dedicated to financing a portion of the city's educational facilities capital plan.

TSASC: TSASC Inc. (formerly known as the Tobacco Settlement Asset Securitization Corporation) is a separate legal entity from the City of New York. TSASC bonds are secured by the corporation's purchase from the city of the future revenue stream under a settlement agreement resolving cigarette smoking-related litigation between the settling states and participating manufacturers.

Municipal Assistance Corporation for the City of New York: The Municipal Assistance Corporation (MAC) was a separate legal entity from the City of New York, created in 1975 and formally dissolved in 2008. With New York City experiencing a severe fiscal crisis in 1975, MAC allowed the city continued access to credit markets and assisted in the prevention of a default of city general obligation bonds. MAC bonds were secured by state collections of

--- Original source retains full ownership of the source dataset ---