Daily interest expenses approach $3 billion, with U.S. Treasury bond interest payments surpassing the $1 trillion annual mark.

Mars Finance News, May 11—According to Fortune, the U.S. Department of the Treasury has paid approximately $628 billion in net interest expenses this fiscal year to cover the growing interest burden of government debt. Data shows that the current size of U.S. federal government debt is nearly $39 trillion, and interest spending alone averages nearly $300 million per day, about $296 million per day. This figure has already exceeded the United States’ annual spending on major expenditure items such as Medicaid. The fiscal data also shows that in the first seven months of this fiscal year, interest expenses have surpassed $628 billion, higher than core welfare spending such as health insurance and medical assistance during the same period, making it the second-largest expenditure category for the federal government.

Analysts point out that the increase in interest costs is mainly driven by the expansion of the debt level and the persistence of high long-term interest rates. Although short-term interest rates have declined somewhat in the near term, overall financing costs remain in a high range. In addition, growth in tariff revenue has, to a certain extent, offset fiscal pressure; this fiscal year, customs tariff revenue increased by more than 200% year over year, reaching about $19.0 billion. Against the backdrop of high debt and high interest rates, U.S. fiscal sustainability and the burden of debt interest are becoming key issues that the market continues to closely watch.