
Intragovernmental holdings in the US public debt are a unique aspect of the country's financial landscape. They account for over 60% of the total public debt, which is a staggering amount.
These holdings are primarily made up of Social Security Trust Funds, which are essentially savings accounts for future Social Security benefits. The funds are invested in special Treasury securities that are used to finance the government's operations.
The Social Security Trust Funds are managed by the Board of Trustees, which includes representatives from various government agencies. The funds are invested in Treasury securities that are backed by the full faith and credit of the US government.
These investments earn interest, which helps to grow the funds over time. In 2020, the Social Security Trust Funds earned a total interest income of over $70 billion.
US Federal Debt
The US federal debt is a complex topic, but let's break it down. In April 2018, the United States's United Federal Debt: PDS: Intragovernmental Holdings was $5,733.07 billion USD.
This figure is part of a larger dataset that includes five separate financial statements, which account for the outstanding debt recorded by the Bureau of the Fiscal Service. These financial statements are no longer available on the original website, but you can access them on fiscaldata.treasury.gov.
The US federal debt is composed of three main components: Debt Held by the Public, Intragovernmental Holdings, and Statutory Debt Limit. The Statutory Debt Limit is the maximum amount of money the Government is allowed to borrow without receiving additional authority from Congress.
Here's a breakdown of the US federal debt components:
The Bureau of the Fiscal Service is no longer publishing the Bearer and Registered Securities report, but you can get the same information in millions of dollars from the Debt Position and Activity Report.
Public Debt Reports
Public Debt Reports provide a wealth of information on the United States' debt, including its intragovernmental holdings. The Bureau of the Fiscal Service is responsible for publishing these reports, which are available on fiscaldata.treasury.gov.
The reports consist of five separate financial statements that account for the outstanding debt. These statements are no longer available on the original website, but can be found on fiscaldata.treasury.gov. If you need the figures to the penny, you can email [email protected].
The reports show the current and historical debt position of the Department of the Treasury in relation to Debt Held by the Public, Intragovernmental Holdings, and Statutory Debt Limit. They also provide data on contributions to reduce the debt held by the public.
Here are some key facts about the Public Debt Reports:
The reports also provide data on the cash position of the Treasury and the statutory debt limit.
Frequently Asked Questions
Is intragovernmental debt real?
Yes, intragovernmental debt is a real type of debt, where one government entity owes money to another, often held in trust funds like Social Security. This type of debt is a significant component of a country's overall debt picture.
Who owns over 70% of the US debt?
The majority of the US debt, over 70%, is held by domestic financial institutions and actors within the United States. This includes investors seeking a low-risk, liquid store of value in US Treasuries.
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