Debts 03 - Govt etc (Feb 24 - Dec 26)

[winston]

Global debt surges past US$320 tril as risk appetite returns — IIF

By Libby George

Large government budget deficits suggest that sovereign debt could rise by a third by 2028 to approach US$130 trillion,

Debt in emerging markets is approaching a record US$105 trillion — a whopping 245% of GDP.

Source: Reuters

https://theedgemalaysia.com/node/736457

[behappyalways]

Visualizing $102 Trillion Of Global Debt In 2024
https://www.zerohedge.com/markets/visua ... -debt-2024

[behappyalways]

Unless Something Changes, 4 Years From Now We Will Be 51 Trillion Dollars In Debt
https://www.zerohedge.com/political/unl ... llars-debt

[winston]

How China’s planning its biggest push in years to cut hidden debt

Expectations for a massive swap of so-called hidden debt that would bring a swath of borrowing on to local governments’ official balance sheets.

The hope is that the process would reduce risks of default, lower debt-servicing costs and give local officials greater scope to support economic growth.

LGFVs are companies that borrow on behalf of provinces and cities to finance investment in infrastructure such as roads, bridges, airports and industrial parks.

The International Monetary Fund estimates LGFVs had over 60 trillion yuan (S$11.5 trillion) of debt as of last year — equivalent to about half of China’s gross domestic product.

Source: Bloomberg

https://www.businesstimes.com.sg/intern ... idden-debt

[winston]

by behappyalways:-

CBO Projects US Debt To Soar By $24 Trillion Over Next Decade, And Then It Gets Much Worse...

https://www.zerohedge.com/markets/cbo-p ... much-worse

[behappyalways]

Debt is a major reason for China's economic weakness.
Non-financial debt accounts for nearly three times of GDP.
The debt-to-GDP ratio is approaching 20%.
Local government hidden debt is a time bomb.

債務是中國經濟疲弱一大原因　非金融債務占GDP比近GDP的3倍　債負比直逼2成　地方政府隱性債務更是不定時炸彈｜鏡轉全球｜#鏡新聞

https://m.youtube.com/watch?v=t_Wwn6ohA-8

[winston]

by behappyalways:-

The government is having trouble paying off its debts! The US "debt boom" is over!

'25.01.15【豐富│東南西北龍鳳配】Pt.1 政府舉債困難！美國「債務繁榮」結束！

https://m.youtube.com/watch?v=uvgNNZLJw_A

[winston]

US Government Bonds

According to Federal Reserve data, there will be roughly $28 trillion worth of US government bonds maturing over the next four years, i.e. now through the end of 2028.

That’s more than 75% of the government’s $36+ trillion national debt.

This is an absolutely staggering figure, averaging $7 trillion per year for the next four years.

And remember, we’re just talking about the existing debt that is set to mature. It doesn’t even include new debt that has to be issued over the next four years, which could easily be another $7-10 trillion.

If the government issued $28 trillion in the past at an average interest rate of 3%, but now they’ll have to refinance all that debt at a new rate of 5%, then effectively they’ll be paying an extra 2% per year.

That’s almost $600 billion in additional interest EACH YEAR on top of the $1.1 trillion interest bill that they’re currently paying.

Source: Schiff Sovereign

[behappyalways]

'Worse Than World War II' - Visualizing US National Debt (As A Percent Of GDP) Since 1900
https://www.zerohedge.com/economics/wor ... t-gdp-1900

[behappyalways]

In 2025, $9.2 TRILLION of US debt will either mature or need to be refinanced
https://x.com/KobeissiLetter/status/1886813572161814719