The US government has owed more than $25 trillion to investors as it ramps up borrowing to cover the widening budget deficit.
The total amount of outstanding Treasury bills, bonds and bonds rose nearly 1 percent in July to $25.14 trillion, according to data released Friday. When the financial situation of the USA is evaluated, it is evaluated that this figure will continue to increase.
In June 2020, this size was under $20 trillion. In June 2018, this figure was below $15 trillion. Borrowing rose sharply in 2018 to fund tax cuts and rose in 2020 to fund pandemic measures.
That size is expanding again as higher interest rates raise the cost of existing debt. In addition, the outlook for the federal budget deficit in the country is worsening.
Fitch's downgrade of the USA's rating brought the deteriorating financial situation of the country back to the agenda.