Tax Policy Center

Fiscal Facts

September 4, 2023
Federal debt held by the public was 97% of GDP in 2021. It increased sharply after 2010 due to the great recession and then recovery efforts in response to the COVID-19 pandemic and is projected to increase to 107% of GDP in 2028.
Fact: 
Federal debt held by the public was 97% of GDP in 2021. It increased sharply after 2010 due to the great recession and then recovery efforts in response to the COVID-19 pandemic and is projected to increase to 107% of GDP in 2028.
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