U.S. net interest payments on federal debt

Percentage of GDP

TCJA calculations use CBO's estimates of budgetary effects of selected alternative assumptions about revenue policies related to the 2017 tax act and the CBO's 10-year budget projections. Rate forecast based on future path of implied 10-year treasury yields.
THE GLOBE AND MAIL Source: U.S. Congressional Budget Office, Office of Management and Budget, IMF, Bloomberg