Gross Federal Debt in the United States

Gross Federal Debt in the Federal Budget Process

Meaning of Gross Federal Debt in the congressional and executive budget processes (GAO source): The total amount of federal government debt comprising debt securities issued by the Department of the Treasury (including securities issued by the Federal Financing Bank (FFB) under section 9(a) of the Federal Financing Bank Act of 1973 (12 U.S.C. § 2888(a)) and other government agencies. Gross federal debt is the sum of debt held by the public and debt held by government accounts (intragovernmental debt).

Guide to U.S. Gross Federal Debt (Budget Process)

• Gross Federal Debt
• Treasury Debt
• Agency Debt

Resources

See Also

• Federal Appropriations
• Entries about the United States Budget Process in the Encyclopedia (including Gross Federal Debt)
• Public Debt

Further Reading

• Legislatures and the budget process: the myth of fiscal control

  (J Wehner, 2010)

• Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
• Fiscal institutions and fiscal performance

  (JM Poterba, J von Hagen, 2008)