Intragovernmental holdings

In public finance, intragovernmental holdings (also known as intragovernmental debt or intragovernmental obligations) are debt obligations that a government owes to its own agencies. These agencies may receive or spend money unevenly throughout the year, or receive it for payout at a future date, as in the case of a pension fund. Lending the excess funds to the government, typically on the accounts of its treasury, enables the government to calculate its net cash requirements over time.

National debt of the United States

  Intragovernmental holdings

  Debt held by the public

United States

U.S. intra-governmental debt components, which totaled $5.7 trillion as of September 2018. This debt mainly represents obligations to Social Security recipients and retired federal government employees, including military.

In the United States, intragovernmental holdings are primarily composed of the Medicare trust funds, the Social Security Trust Fund, and Federal Financing Bank securities. A small amount of marketable securities are held by government accounts.^[1][2]

See also

• Government debt

US specific:

• United States public debt
• United States Treasury security
• Federal Financing Bank
• Bureau of Public Debt
• Federal Reserve System
• Office of Management and Budget (OMB)