The Leviticus 25 Plan 2027 – the world’s most powerful economic acceleration plan: Updated economic scoring summary.
Interest expense on projected deficits 2027-2031
Federal debt has increased from $22.1 trillion in 2020 to $37.64 trillion as of July 1, 2025. Federal debt held by the public was reported to be $30.298 trillion, with remainder, $7.342 trillion, comprised of intra-governmental debt outstanding, which arises when one part of the government borrows from another. This intra-governmental debt interest expense item will be omitted from this calculation, since those dollars are not expensed directly.
St. Louis Fed Q3 2025: Debt held by the public, $30.3 trillion, makes up 80.0% of the $37.64 trillion National Debt.
U.S. Department of the Treasury (fiscal data): Interest Expense and Average Interest Rates on the National Debt FYTD 2026: 3.324%
The Bear Traps Report, Dec 30, 2024 –Excerpts:
“CBO data, Bloomberg. The average weighted coupon on the U.S. debt load is about 2.7% vs. over 4.5% for 10-year U.S. Treasuries. As bonds mature, they get refinanced at much higher yields.”
“Incoming Stress Points – In 2025 the U.S. Treasury faces $9.6Tr of maturities in their so-called publicly held debt. In Q1 alone — the government faces $5.58Tr of maturities (bonds coming due, redemption), but 86% of those are short-term bills that the Treasury department rolls over into new 4-week, 8-week, 3,4, or 6-month bills, among others.”
“As a result, almost daily bill auctions are coming to a theater near you, as the Treasury Department mindlessly keeps pushing new paper into the market to pay back the colossal amount of maturing debt.”
This projection will assume an average monthly interest rate of 3.324% for 2026, and a conservative average monthly interest rate of 3.25% in calculating the interest expense to be eliminated during the budget surplus years of 2027-2031.
This projection also assumes that annual federal budget deficits will be funded through Treasury Issuance at an average of 80.0% rate for Debt Held by the Public.
Year / Annual Deficit/2
2025: $1.865 trillion/2 X .79 X .03 = $22.965 billion
2026: $1.713 trillion/2 X .79 X .03 = $21.934 billion
2027: $1.687 trillion/2 X .80 X .0325 = $21.931 billion
2028: $1.911 trillion/2 X .80 X .0325 = $24.843 billion
2029: $1.938 trillion/2 X .80 X .0325 = $25.194 billion
2030: $2.140 trillion/2 X .80 X .0325 = $27.820 billion
2031: $2.233 trillion/2 X .80 X .0325 = $29.029 billion
Recapture: Total interest expense eliminated by projected operating surpluses: $128.817 billion
Source(s): https://fiscaldata.treasury.gov/interest-expense-avg-interest-rates/
https://www.pgpf.org/programs-and-projects/fiscal-policy/monthly-interest-tracker-national-debt/
https://fred.stlouisfed.org/series/FYGFDPUN – Debt Held by the Public: $30.3 trillion (Q3 2025)