California has the highest total state and local government debt in the U.S., with over $ 500 $ 5 0 0 billion in total liabilities as of late 2025. While California leads in total volume, New York and Connecticut often rank higher for debt on a per capita basis.
The five Indian states with the highest projected debt-to-GSDP ratios in 2025 are Arunachal Pradesh (57.0%), Punjab (46.6%), Himachal Pradesh (45.2%), Nagaland (40.0%) and Meghalaya (39.0%).
Most U.S. debt is owned domestically by U.S. entities like the Federal Reserve, mutual funds, and government trust funds, with foreign investors holding about a quarter; among foreign holders, Japan is consistently the largest single country owner, followed by the United Kingdom, China, and the Cayman Islands.
Texas is the most financially distressed state in the country, followed by Florida, Louisiana, Nevada and South Carolina. The states that are best off? That honor goes to Hawaii, followed by Vermont, Alaska, Oregon and New Mexico.
BOISE, Idaho (CBS2) — Idaho residents have the highest debt-to-income ratio of any state in the country. Data collected by the Federal Reserve shows that Idaho residents have the highest debt-to-income (DTI) ratio in the country at 2.06 per household.
Which States Have The Most Debt? - The Right Politics
Which US state is most in debt?
The report found that the California state government carries more debt than any other state with $497 billion in liability. The findings stem from 2023, the most recent year for which complete data was available, according to the Reason Foundation, a think tank with offices in Washington, D.C., and Los Angeles.
10 States Where Americans Are Struggling the Most to Cover the Basics. Mississippi ranks as the state where Americans struggle the most to meet their basic needs. Its 30.0% rate of households facing difficulty paying their energy bills is nearly 32% higher than the national average (22.8%).
On one end, Idaho, Utah, Montana, and Wyoming consistently rank near the bottom of debt burden rankings. Idaho ranks last among U.S. states in per capita long-term debt, at $3,900—making it the state with the least per capita debt in the country.
Hawaii is the hardest state to save money, due to its high cost of living and declining employment rate. Southern and Midwestern states are generally easier for saving, while Northeastern and Western states are harder.
1 United States 21,764,799 2 Euro area 18,075,643 3 United Kingdom 9,837,535 4 France 7,368,685 5 Norway 7,110,029 6 Germany 6,6,91,139 7 Japan 4,687,815 8 Netherlands 4,197,719 9 Luxembourg 3,965,300 10 Italy 2,749,75 https://www.ceicdata. com/en/indicator/norway/external-debt--of-nominal- gdp https://www.gfmag.com/ ...
Domestically, intergovernmental holdings (social security trust funds, medicare trust funds, federal employee retirement and disability funds) control about 20% of our debt, The Federal reserve (U.S. Central bank) holds approximately 13% of our debt and domestic private investors control 42-50% (retirement accounts, ...
Who was the last president to balance the US budget?
Today, at a White House event, President Clinton announces that the federal budget, which had run at a deficit for 29 years, has been balanced, and will run a surplus of roughly $70 billion for the fiscal year that ends today. Closing The Book On A Generation Of Deficits.
U.S. States with the Best Economy Rankings (2025) This economic assessment examines U.S. states with the best economy indicators based on quantitative analysis. Research demonstrates Utah (66.4%), Idaho (62.1%), and Florida (56.5%) exhibit superior combined growth metrics nationally.
In total, California's state and local governments hold $1 trillion in debt, the highest in the nation. New York's state and local debt is the second-most, at $800 billion, followed by Texas at $550 billion, Illinois at $410 billion, New Jersey at $310 billion, and Florida at $240 billion.
Japan consistently ranks among the countries with the highest national debt. In 2022, the nation's debt was estimated at almost 10 trillion U.S. dollars , while its GDP is just 4.2 trillion . The Japanese government is currently spending around half of its total tax revenue on servicing its massive debt.
In 2022, the federal state of California had about 558.7 billion U.S. dollars of debt outstanding, the most out of any state. New York, Texas, Illinois, and Florida rounded out the top five states with the most debt outstanding in 2022.
In 2025, Liechtenstein was estimated to have the lowest debt-to-GDP ratio in the world, at just 0.5 percent, with Brunei having the second-lowest at 2.3 percent.
Some of the lowest ranked states include Hawaii, West Virginia, and Iowa. Massachusetts, Utah, and Washington are ranked as the states with the best economies. The full report can be accessed here. Copyright 2025 KCRG.
