RELIABILITY: Very High
What GAO Found GAO found (1) the Bureau of the Fiscal Service’s Schedules of Federal Debt for fiscal years 2025 and 2024 are fairly presented in all material respects and (2) Fiscal Service maintained, in all material respects, effective internal control over financial reporting relevant to the Schedule of Federal Debt as of September 30, 2025. GAO’s tests of selected provisions of applicable laws, regulations, contracts, and grant agreements related to the Schedule of Federal Debt disclosed no instances of reportable noncompliance for fiscal year 2025. Over the past 10 years, from fiscal year 2015 through fiscal year 2025, total federal debt managed by Fiscal Service has increased from $18.1 trillion to $37.6 trillion.
Total Federal Debt Outstanding, September 30, 2015, through September
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