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Budget Issues: An Overview of Federal Debt

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Report Type Reports and Testimonies
Report Date June 24, 1998
Report No. T-AIMD-98-221
Subject
Summary:

This testimony presents basic information on the federal debt, including how it is defined in its various forms, how it is measured, and how much it has grown up to now and could be reduced in the future, who holds it, and why it is important to the national economy. GAO has updated information in its November 1996 report entitled Federal Debt: Answers to Frequently Asked Questions. (See GAO/AIMD-97-12.)

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