Treasury outlay line

Interest on Treasury Debt Securities (Gross)

Gross interest paid on Treasury securities before some offsets.

What this means

A Treasury presentation of interest costs on federal debt securities. Related lines such as “Interest on the Public Debt” can look similar; both track the cost of borrowing rather than a benefit program.

Net interest
Interest the government pays on its debt, minus interest it earns.
Debt held by the public
Treasury securities held outside the government itself.

All definitions · Methodology