Federal Debt Up $1 Trillion in FY19

(Getty Images/Win McNamee)

(CNSNews.com) - As of Sept. 4, the federal debt had already increased by more than a trillion dollars in fiscal 2019 with more than three weeks to go in the fiscal year, according to data released by the U.S. Treasury.

At the close of business on Sept. 28, 2018, the last business day of fiscal 2018, the total federal debt was $21,516,058,183,180.23, according to the Treasury.

At the close of business on Sept. 4, 2019, it was $22,517,297,955,639.18.

At that point, the federal debt had increased by $1,001,239,772,458.95 in fiscal 2019.

As of Sept. 6, 2019, the latest day for which federal debt numbers have been reported by the Treasury, the debt had risen to $22,532,757,499,591.39.

Thus, so far in fiscal 2019, the federal debt has increased $1,016,699,316,311.16.

In fiscal year 2018, the federal debt rose by $1,271,158,167,126.72. (On Sept. 29, 2017—the final business day of fiscal 2017—it was $20,244,900,016,053.51. At the close of fiscal 2018, on Sept. 28, 2018, it was $21,516,058,183,180.23.)

So far, over the past twelve fiscal years, the federal debt has increased by $13,525,104,127,328.91—or an average of $1,127,092,010,610,74 per fiscal year.

At the close of business on Sept. 28, 2007 (the last business day of that fiscal year), it was $9,007,653,372,262.48--or about 40 percent of what it is now.

Here are the "Debt to the Penny" numbers for the federal debt at the end of fiscal 2018 and for the last five business days on record as published by the U.S. Treasury at www.treasurydirect.gov:

 

2019-09-11T05:10:23-05:00

Go Back: US News
source : www.cnsnews.com
''