How Much Debt Does The State Of Tennessee Have?

U.S. Census Bureau

Does Tennessee have any debt?

In the fiscal year of 2021, Tennessee’s state debt stood at about 7.16 billion U.S. dollars.

Which state has the highest state debt?

In 2019, the federal state of California had about 506.66 billion U.S. dollars of debt outstanding, the most out of any state.

Which states are deepest in debt?

New York has the highest debt of any state, with total debt of over $203.77 billion. New York’s total assets are around $106.61 billion, giving the state a debt ratio of 273.8%.

How much surplus does Tennessee have?

Tennessee Tax Revenue Tracker for FY 2021
Tennessee collected 21% more tax revenue in FY 2021 than lawmakers initially budgeted, giving the state a $2.1 billion unbudgeted surplus.

What state has the least debt?

States With the Least Debt in 2020
Alaska takes the No. 1 spot, with a tiny debt ratio of only 14.2%. Its total liabilities amount to only $12.65 billion compared to total assets of approximately $89.17 billion in 2019.

How much is Texas in debt?

As of August 31, 2021 Texas had a total of $63.21 billion in state debt outstanding, including both general obligation and revenue debt. Texas’ general obligation debt is rated at Aaa/AAA/AAA/AAA by the credit rating agencies, Moody’s Investors Service, Standard & Poor’s, Fitch Ratings and Kroll.

What country is in the most debt?

Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japan’s national debt currently sits at ¥1,028 trillion ($9.087 trillion USD).

How much is New York’s debt?

In the fiscal year of 2021, New York’s state debt stood at about 160.65 billion U.S. dollars. By the fiscal year of 2027, this is projected to increase to 202.65 billion U.S. dollars.

What state has the most debt per capita?

In 2019, the federal state of New York had debt of around 18,410.53 U.S. dollars per capita, the most out of any state in the U.S. The total debt accrued by the U.S. annually can be accessed here.

How much is China’s debt?

China, U.S. lead rise in global debt to record high $305 trillion – IIF.

How much is each state in debt?

How does Tennessee make money?

The Tennessee Department of Revenue collects more than $11 billion in revenues annually. More than two-thirds of revenue come from two taxes – sales and use tax and franchise and excise tax. The data provided summarizes monthly and year-to-date collections by tax type.

How is Tennessee financed?

The primary source of funding for state expenditures is appropriation from general revenues. General revenues are proceeds from taxes, licenses, fees, fines, forfeitures, and other imposts laid specifically by law.

Where does Tennessee get its Funding?

The governor’s FY 2019 recommended Budget totaled $37.5 billion. Three-quarters (75%) went toward health and social services (46%) and education (29%). The money came primarily from the state’s own taxes and reserves (47%) and federal funding (37%).

How much debt is the Russia in?

As it tried to twist its way out, it announced last week that it would switch to servicing its $40 billion of outstanding sovereign debt in rubles, criticizing a “force-majeure” situation it said was artificially manufactured by the West.

How much is Illinois debt?

In the fiscal year of 2021, Illinois’ state debt stood at about 64.74 billion U.S. dollars. By the fiscal year of 2027, this is expected to increase to about 81.61 billion U.S. dollars.

Who racked up the most debt for the state of Texas?

Houston accounts for the largest slice of that — with $8.9 billion needed to pay the bills — followed by Dallas with $5 billion and Austin with $3 billion in payments owed.

What country has no debt?

In 2021, Russia’s estimated level of national debt reached about 17.02 percent of the GDP, ranking 12th of the countries with the lowest national debt.
The 20 countries with the lowest national debt in 2021 in relation to gross domestic product (GDP)

Who owns America’s debt?

The public holds over $22 trillion of the national debt. 3 Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds.

Is there a country with no debt?

There is only one “debt-free” country as per the IMF database. For many countries, the unusually low national debt could be due to failing to report actual figures to the IMF.