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Public Debt & Interest Paid of the Federal Government:1940-1987 ____________Public Debt_______________ ____Interest Paid____ Total Avg. annual Per capita Total % of Year (bil.dol.) % change (dol.) (bil.dol.) Federal outlays (for fiscal year ending in year shown) 1940 43.0 8.4 325 1.0 10.5 1945 258.7 43.0 1,849 3.8 4.1 1950 256.1 -.1 1,688 5.7 13.4 1955 272.8 1.3 1,651 6.4 9.4 1960 284.1 .9 1,572 9.2 10.0 1965 313.8 2.0 1,613 11.3 9.6 1970 370.1 3.3 1,814 19.3 9.9 1971 397.3 7.4 1,921 21.0 10.0 1972 426.4 7.3 2,037 21.8 9.4 1973 457.3 7.2 2,164 24.2 9.8 1974 474.2 3.7 2,223 29.3 10.9 1975 533.2 12.4 2,475 32.7 9.8 1976 620.4 16.4 2,852 37.1 10.0 1977 698.8 10.1 3,170 41.9 10.2 1978 771.5 10.4 3,463 48.7 10.6 1979 826.5 7.1 3,669 59.8 11.9 1980 907.7 9.8 3,985 74.9 12.7 1981 997.9 9.9 4,338 95.6 14.1 1982 1,142.0 14.4 4,913 117.4 15.7 1983 1,377.2 20.6 5,870 128.8 15.9 1984 1,572.3 14.2 6,640 153.8 18.1 1985 1,823.1 16.0 7,616 178.9 18.9 1986 2,125.3 16.6 8,793 187.1 18.9 1987 2,350.3 10.6 9,630 195.4 19.5 Source:U.S. Dept. of Treasury.