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What is the current public debt?

Public and government accounts

As of December 31, 2018, debt held by the public was $16.1 trillion and intragovernmental holdings were $5.87 trillion, for a total of $21.97 trillion. Debt held by the public was approximately 77% of GDP in 2017, ranked 43rd highest out of 207 countries.

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Subsequently, one may also ask, what is the current value of the public debt?

The U.S. government’s public debt is now more than $22 trillion — the highest it has ever been. The Treasury Department data comes as tax revenue has fallen and federal spending continues to rise. The new debt level reflects a rise of more than $2 trillion from the day President Trump took office in 2017.

Also Know, what is an example of national debt? The national debt is the public and intragovernmental debt owed by the federal government. It often funds government and citizens’ pensions. An example is the U.S. Social Security retirement account. The federal government adds to the debt whenever it spends more than it receives in tax revenue.

what means public debt?

The public debt is how much a country owes to lenders outside of itself. The term “public debt” is often used interchangeably with the term sovereign debt. Public debt usually only refers to national debt. But some countries also include the debt owed by states, provinces, and municipalities.

Who holds public debt?

Public Debt The public holds $17.1 trillion of the national debt. Foreign governments and investors hold 29% of it. Individuals, banks, and investors hold 17%. The Federal Reserve holds 11%.

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