The Outstanding Government Debt

Archive Report


The right to reproduce material contained in Editorial Research Reports is strictly reserved to the newspaper clients of the service. Verbatim use of such material by others will be permitted only upon written authorization of the editor.

Richard M. Boeckel, Editor

The Present Size of the Government Debt

On September 30, the official figure for the outstanding public debt of the United States government was $38,392,725,250. The federal deficit for the first quarter of the current fiscal year was over $700,000,000, and is expected to grow to about $4,000,000,000 by June 30, 1939, at which time it is estimated that the debt will exceed $40,000,000,000.

No complete figure for the combined debts of the states and local units is available later than 1932, but several government departments have ...

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