GDP reflects the economic development of a country. In the past century, the United States has been the world's largest economy, , the undisputed first. my country's modern economic development has also made rapid progress. In 2010, it surpassed Japan and became the world's second largest economy, and is still catching up with the United States quickly. After Japan was surpassed by our country, it is now the third largest economy in the world. , but the size is huge, it does not necessarily mean that it is stable and profitable. The country's fiscal surplus and fiscal deficits are also in the case of fiscal surplus and fiscal deficits.
National fiscal revenue mainly relies on four parts: tax, profit, debt and expenses, and fiscal expenditure includes several major categories such as public safety, social security, infrastructure, and scientific and technological development. When revenue exceeds expenditure, it is fiscal surplus and all expenses are easily covered. When revenue is not enough to cover expenditures and a fiscal deficit occurs, the state will issue treasury bonds and borrow money to cover expenditures.
At the same time, in order to promote economic development, let enterprises have money to spend and people have money to use, the state will also provide subsidies for support and assistance. Therefore, many countries and economies have some debts in the process of development, even China, the United States and Japan, the top three economies in the world, are no exception.
1. US foreign debt is 31 trillion
According to statistics, although the United States has the largest economic output in the world, its total debt is also the highest in the world, and it has now reached a scale of 31 trillion US dollars. The total debt of countries around the world is about 300 trillion US dollars. In this way, the United States alone exceeds 10%, which is definitely the world's largest owed money.
The reason why the United States has so much foreign debt is, on the one hand, because of its global economy , the status of military overlord, the country is strong and the credit is high, so other countries are naturally willing to lend it to it. On the other hand, it also shows that the US ZF has provided great help in promoting its domestic economic development. The faster the economy develops, the more money it costs, so even if you have enough money later, it will be used for domestic economic development first rather than repaying it.
In addition, it is hard to say whether the United States has money to pay it back now. Under the influence of the epidemic, the United States, as the world's largest economy, has been hit the most. So the United States is constantly raising interest rates and issuing Treasury bonds to raise funds, which has led to a decline in the credibility of Treasury bonds and countries have begun to sell. wonders if there will be a burst in the future?
2. Japan's foreign debt is $12 trillion
World War II , Japan rose rapidly. In 1970, it began to surpass , West Germany and became the second largest economy after the United States. It has been the second place in the world for 40 years until it was surpassed by our country in 2010. You should know that Japan is just an island country with a sparse population and no resources. It is purely based on the competitiveness formed by high-tech industries.
In the 1980s, Japan's real estate industry also began to flourish, helping the already developed economic level to a higher level. At its peak, it was said that it could buy the entire United States. From the early 1990s, the Japanese real estate bubble burst, economic development was hit hard and on the verge of collapse. However, even after decades of decline, the lean camel is still bigger than a horse, and even now it is the third largest economy after China and the United States.
At present, the European energy crisis has gathered the attention of the world, but as an island country, Japan's energy dependence on imports is not inferior. Therefore, Japan is also issuing additional government bonds to overcome the crisis. Currently, Japan's total foreign debt has reached US$12 trillion, which is naturally not much compared to the United States. However, if we know that Japan's GDP is only US$4.94 trillion, the debt proportion has reached 240%, and the pressure is greater than that of the United States! The current yen exchange rate is also sliding into the abyss. If you want to go ahead, please wait and see.
3. How much foreign debt does my country have?
my country is an developing country . After the opening of G, economic development has made rapid progress. GDP officially surpassed Japan in 2010 and became the world's second largest economy, and is still increasing rapidly, putting huge pressure on the United States.The rapid development of the economy is not only due to the progress of industry and science and technology, but also due to the boost of my country's huge demographic dividend .
my country is one of the largest markets in the world, so we do not tend to build on a large scale externally. Stimulating domestic demand can solve a considerable number of problems. Therefore, the scale of my country's issuance of government bonds to the outside world is not large, currently only US$8.43 trillion. The amount of is not too small, but compared with my country's total amount of US$17.73 trillion, the debt proportion is not high.
Conclusion
At present, the global economic recession, many countries are in a tight fiscal situation, and they can only solve the problem by issuing large amounts of government bonds, which has led to a plummeting price of government bonds, which in turn triggers turmoil in the national pension system. The UK and Japan mentioned in our first two articles have such problems, and Europe, the United States, Japan and South Korea are all facing the same crisis.
Treasury bonds are a financing means for the country to promote economic development. They can solve some problems, but the crisis caused by excessive debt cannot be ignored. Only when our country maintains debt within a safe range can the economy maintain healthy development!
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