Information on the Amount of Debts Owed the Federal Government
AFMD-86-13FS: Published: Dec 3, 1985. Publicly Released: Dec 9, 1985.
- Full Report:
Pursuant to a congressional request, GAO reviewed the total amount of past due debts owed to the federal government, including all foreign government obligations.
GAO did not develop information for programs or agencies for which the total debt was less than $1 million. GAO found that the basic receivable data reported to the Department of the Treasury showed that: (1) the total amount owed the government, as of June 30, 1985, was about $444.5 billion and about $64.6 billion was classified as delinquent; and (2) foreign government debts were reflected primarily in amounts owed to the Export-Import Bank, the Departments of Agriculture and Defense, and the Agency for International Development.