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Interest Costs Are Projected to Grow Substantially
Interest costs are projected to grow substantially.
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Interest costs are projected to grow substantially.
Social Security and major health programs account for over three-quarters of mandatory spending.
Defense spending is projected to stay below its historical share of GDP.
Mandatory programs and interest costs will take over more of the federal budget, squeezing discretionary programs.
https://www.pgpf.org/chart-archive/0156_mandatory_discretionary_pies
Nondefense discretionary spending includes many programs that could promote future economic growth.
https://www.pgpf.org/chart-archive/0021_discretionary-spending
Spending on federal entitlement programs will more than double between 1991 and 2051.
https://www.pgpf.org/chart-archive/0027_entitlement-programs-proj
By 2051, interest costs are projected to be more than three times what the federal government has historically spent on R&D, infrastructure, and education combined.
https://www.pgpf.org/chart-archive/0005_investments_interest
Spending on foreign affairs accounts for slightly more than 1 percent of total federal spending.
https://www.pgpf.org/chart-archive/0239_foreign_affairs_spending
Defense spending covers a wide range of activities.
https://www.pgpf.org/chart-archive/0314_defense_spending_categories
The composition of defense spending has changed over time.
https://www.pgpf.org/chart-archive/0315_defense_spending_change