Kathmandu. Financial news is not good for the United States, which is at war with Iran. For the first time, the US federal government’s debt has exceeded $ 39 trillion. This is 124 percent of the country’s GDP.
In the last 8 months, America’s debt has increased by $ 2 trillion. Since the debt ceiling was lifted in July last year, the US debt has increased by $2.8 trillion. It took just five months for the debt to grow from $38 trillion to $39 trillion. Despite Trump’s tariffs, America’s debt has been rising.
The CBO estimates that U.S. debt could grow by $2.4 trillion annually over the next 10 years and reach $64 trillion by 2036. The U.S. is spending a significant amount of money to pay off the interest on this loan. In the fiscal year 2026, which began on Oct. 1, $25 billion has been spent to pay off the interest of the loan as of February. That’s the second largest amount after Social Security ($678 billion) and Medicare ($478 billion).
Cost of the Iran War
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The U.S. national debt was $3.2 trillion in 1990 and reached $5.7 trillion by 2000. In 2010, it was $13.6 trillion and in 2020 it was $27 trillion. Now it is $ 39 trillion.
Of this amount, $31.3 trillion is public debt and $7.6 trillion is intergovernmental holdings, according to the Financial Services Bureau. Paying interest on this amount is costing the US $ 900 billion annually.
Meanwhile, the Pentagon has asked the government to allocate more than $ 200 billion in additional funding for the war against Iran. The United States and Israel invaded Iran on February 28. In the first week alone, the US spent $11.3 billion on the war. This includes only the cost of the ammunition used in the initial attack. This does not include the cost of troop deployment, logistics and operations. –Agency
