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US Federal Government Spending Budget Interest Cost Analysis for FY in $ billion FY 1999 Spending FY 2000 Spending FY 2001 Spending FY 2002 Spending FY 2003 Spending FY 2004 Spending OMB Budget Numbers(1) Interest 229.76 a 222.95 a 206.17 a 170.95 a 153.07 a 160.25 a Interest Rate % 4.10 3.96 3.57 2.76 2.26 2.18 Total Spending 1,701.84 a 1,788.95 a 1,862.85 a 2,010.89 a 2,159.90 a 2,292.84 a Federal Deficit -125.61 a -236.24 a -128.23 a 157.75 a 377.59 a 412.73 a Gross Public Debt 5,605.52 a 5,628.70 a 5,769.89 a 6,198.40 a 6,760.02 a 7,354.65 a Revised Budget Numbers Revised Interest 229.76 g 222.95 g 206.17 g 170.95 g 153.07 g 160.25 g Revised Interest Rate % 4.10 g 3.96 g 3.57 g 2.76 g 2.26 g 2.18 g Revised Total Spending 1,701.84 g 1,788.95 g 1,862.85 g 2,010.89 g 2,159.90 g 2,292.84 g Revised Federal Deficit -125.61 g -236.24 g -128.23 g 157.75 g 377.59 g 412.73 g Revised Gross Public Debt 5,605.52 g 5,628.70 g 5,769.89 g 6,198.40 g 6,760.02 g 7,354.65 g Spending: a - actual reported i - interpolated between actual reported values Notes: 1. Budget of the US Government: Table 3.2