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Progress Report on NJ’s Debt Load

Updated: Jun 20

April 14, 2023 |

Photo Credit: Alan Cleaver (From Pixabay)

Figures included in the state’s latest “Annual Comprehensive Financial Report” track improvement in the category of bonded debt during the 2022 fiscal year, which ended June 30, 2022.

The total amount of money New Jersey owes its bondholders dropped by more than $4 billion year-over-year, according to the report.

The report also included new figures detailing progress made in the category of non-bonded debt, including new assessments of the cost of government-funded pension and health benefits, which are some of the state’s largest financial obligations.

NJ SEED: Rapid economic growth predictably slows. If slower but steady growth continues, the NJ economy will be in good shape.

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