November 19, 2023

Debt Service

Diane Kimura

The shocking statistic is that governments worldwide will spend $2 trillion annually on net interest payments in 2023.

This will drag the global economies' GDP growth as $2 tril will not be spent on roads, infrastructure, new projects, or social services for Americans.

Add to that, the hundreds of billions of bonds will mature and will be refinanced at higher rates.May be an image of text that says 'World governments annual net interest payments on their debt $3trillion 2 PROJECTIONS 2023 $2 trillion 1 2001 '05 '10 Note: Data cover general (central, local and state) government. Source: Teal Insights analysis of International Monetary Fund data '15 '20 '28'

Posted by: Timothy Birdnow at 10:48 AM | No Comments | Add Comment
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