Global government borrowing set to hit record $12.3tn

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World government loan will receive a record $ 12,3tn this year, as large economies growth and other costs increase and higher interest rates at debt levels.

3 percent grow sovereign The issuance of the total debt fund in 138 countries will be pushed to the global financial crisis, Coronavirus Pandemic and now it is necessary to register 76.9TN for 76.9TN.

Great farms are “focusing on the crisis to deal with the crisis,” and the result is that you have a much more debt to a sovereign picture, “said Global Head of S & P.

This became complicated, he added, raising the cost of debt service, as the yield of bonds was significantly higher than the end of the bonds of central bank bonds.

It was “good and stable to finance higher expenses, while you had the cost of loan, which you had before the epidemic, now it is a much bigger problem,” said Siphon-Aralo.

The deterioration of public finances is a major investment among large investors, in December warning a Giant Pimko warning that it had to reduce the long-term debt of the United States, which will partially cut “debt stability issues.” Billionaires’ investor Ray Dalio warned that Britain had risked access to a “Debt Death Spiral” where it is necessary to take more and more in sales of self-development bonds.

In AmericaThe world’s largest borrower, “Wide Fiscal Deficits, Great Rate Expenses and Significant Refinters of Debt” will be given a long-term release of $ 4.9TN, says S & P, as well as local self-government debt.

The agency expects the American government’s fiscal deficit to 60 GDP, but it claims the dollar status, as the currency of the world’s de facto reserves will continue to afford the “significant flexibility” of the United States.

The world’s second largest borrower is expected to promote its long-term issuance of more than $ 370 billion to $ 2.1tn to $ 2.1tn. Out of G7 countries and China, the rest of the world is expected to be widely smooth.

In total, debt resources will reach 70.2% of the world’s GDP, according to S & P. This has been steadily increased since 2022, but at 2020, less than 73.8 percent, when governments responded to the epidemic with huge expenses.

S & P also highlighted the significant deterioration of credit quality since the global financial crisis of a number of large economies. The share of debt-based debt shares has been reduced at its high level of AAA, as countries such as the United States and the United Kingdom have fallen from the upper brain.

The recent increase in the government’s debt supplies the sharp yield of “worried economic worldview” and the investors in the newly established economies in newly established enterprises in the newly established enterprises, “said S & P.

Siphon-Aralone said that he had been an investment appetite to download the debt release, as the assets of bond funds increased. But the cost of the burden of growing debts would be the cost of other ambitions of governments, such as infrastructure costs, he added. This fed “changes in political colors” worldwide.

“A more portable conservative increase [political] The shifts do not communicate with the fact that you have seen this massive growth in a fiscal deficit and debts, “he said.