The volume of US government debt exceeded $ 37 trillion, setting a new historical high. According to the data presented on a special board of debt indicators, the amount of debt amounted to $37,000 108,631,761.
Debt per citizen of the country is $107,980, while one taxpayer accounts for $323,051 of debt. Federal spending is officially fixed at $7.17 trillion, and the budget deficit exceeds $2 trillion.
The level of federal debt relative to GDP has reached 123%, which is significantly higher than in previous decades. For comparison, in 1960 this figure was 52.75%, in 1980-34.6%, in 2000-57.42%.
Against the background of the growing debt burden, the amount of savings per taxpayer is $4,673. The scoreboard also shows the volume of D. O. G. E. CLOCK, which amounted to more than $524.8 billion.
The growth of public debt is a concern for analysts in the context of the long-term sustainability of the budget and the prospects for servicing obligations in the face of a continuing budget burden and a high level of deficits.
