Federal Public Debt Charges Expected to Hit $53 Billion by 2024: Parliamentary Budget Office

Started by Epoch-Times-Bot, Nov 15, 2022, 02:00 PM

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Epoch-Times-Bot

Nov 15, 2022, 02:00 PM
Federal Public Debt Charges Expected to Hit $53 Billion by 2024: Parliamentary Budget Office

Federal debt charges are expected to hit $53 billion by 2024, says the Parliamentary Budget Office in its "Risk Scenario Analysis" report.
Published on Nov. 10, the report says that the debt service ratio, which is public debt charges relative to tax revenues, is projected to reach 14.3 percent in 2024.
"Public debt charges are $5.6 billion higher per year, on average, over 2023-24 to 2027-28," the budget office wrote, as first reported by Blacklock's Reporter.
The forecast for public debt charges in 2022-23 amounts to $31.7 billion, according to the report. The projected costs continue to rise to 47.3 billion in 2023-24 before peaking at $53.4 billion in 2024-25....

Source: Federal Public Debt Charges Expected to Hit $53 Billion by 2024: Parliamentary Budget Office

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Aug 15, 2024, 01:23 PM
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