What year did the public debt take the greatest percent of total federal outlay?

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2026-04-23 21:01

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The public debt took the greatest percentage of total federal outlay in 1991. During that year, interest payments on the national debt consumed a significant portion of federal expenditures due to high interest rates and increased borrowing. This marked a peak in the relationship between public debt and federal outlays before changes in fiscal policy and economic conditions began to alter that dynamic in subsequent years.

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