Chapter 3: Interest on Debt Expenditures

In FY 90, adjusted interest on debt expenditures was $5.3 billion (table 10.a). By FY 02, this figure had risen to $10.5 billion, an increase of $5.2 billion, or 98 percent (table 10.b). Interest on debt expenditures per pupil was $131 in FY 90 and $220 in FY 02 (table 10.c), representing an increase of $89, or approximately 69 percent (table 10.d). In FY 90 and FY 02, interest on debt expenditures accounted for 2 percent of total expenditures (table 10.e).