Intragovernmental holdings

In economics, intragovernmental holdings (also known as intragovernmental debt or intragovernmental obligations) are Government Account Series (GAS) securities held by government trust funds, revolving funds and special funds. [1]

Intragovernmental debt is incurred when the government borrows from federal trust funds to help fund current operations.[2]

United States

U.S. intra-governmental debt components, which totaled $5.47 trillion as of September 2016. This debt mainly represents obligations to Social Security recipients and retired federal government employees, including military.

In the United States, intragovernmental holdings are primarily composed of the Medicare Trust Fund, the Social Security Trust Fund, and Federal Financing Bank securities. A small amount of marketable securities are held by government accounts. [1][3]

The value of intragovernmental debt holdings as of February 21, 2017 is $5,531,705,453,238.55 [4]

See also

US specific:

References

  1. 1 2 "Frequently Asked Questions about the Public Debt". FAQ. U.S. Department of the Treasury, Bureau of the Public Debt. Retrieved 21 March 2010.
  2. ↑ Andrew L. Yarrow (28 April 2008). Forgive us our debts: the intergenerational dangers of fiscal irresponsibility. Yale University Press. p. 50. ISBN 978-0-300-12353-1. Retrieved 21 March 2010.
  3. ↑ "FRONTLINE: ten trillion and counting: defining the debt". Defining the debt. PBS. Retrieved 21 March 2010.
  4. ↑ https://www.treasurydirect.gov/govt/reports/pd/pd_debttothepenny.htm
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.