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This fact sheet highlights selected findings from Kids’ Share 2017. It shows that federal spending on children is being squeezed by growing interest payments on the national debt and the increasing cost of health and retirement programs. Spending on children is projected to fall from 9.8 percent of the federal budget in 2016 to 7.5 percent in 2027. Interest payments on the debt are projected to exceed federal spending on children by 2020 and more than double by 2027.