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Discover which nations lead the public debt rankings and how this impacts the global economy
Which country has the highest public debt in 2024? The relationship between the debt and the TAX ID No is another way to measure this. The metric compares the country's total debt with what it produces, the GDP.
In this case, it should provide a clue as to whether the country is capable of repaying any kind of debt. This infiltrates our lives even if we are not aware of it; public debt affects the economy From any country.
In many ways, global data has recently “turned on a red light”: by the end of the year, global public debt will hit the $100 trillion, as indicated in a recent IMF report – which is about 93% of world GDP.
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This is not a good sign for my or your salary; economists and political scientists often consider it a sign of prolonged crisis, conflicts and structural economic challenges, according to the website jornaldafronteira.
An alarming panorama of public debt
When we think of rich countries, we might think they are immune to these financial issues. But the truth is that even developed nations face difficulties. Let’s take a closer look at the debt-ridden nations.
The debt champions: who are they?
Japan
And then there's the Japan, the incumbent and absolute champion of the list, with an unbelievably high debt/GDP ratio of 251,9%. For decades, Japanese authorities have used a value-for-all approach to achieve their set educational goals. Well, that’s what led to an expensive deficit. By the way, the Japanese population is aging, which results in higher health insurance costs. And here, about pension spending in general, you can forget! Here’s a metaphor – it’s like you need to keep using your wallet while your hospital bills keep growing.
Sudão
Next on the list is Sudan, with a debt-to-GDP ratio of 238,8%, where the situation is disastrous. The country is already experiencing internal conflicts and, recently, political instability has also collapsed. As a result, the government is facing difficulties in finding enough money to maintain a minimum condition, which is worrying, since this factor will probably be disastrous for many innocent people. It is sad how political problems weigh down the lives of ordinary people, who only want to live in peace.
Singapore
Now, surprisingly, Singapore appears on the list with a debt-to-GDP ratio of 168,3%. But wait! Here, the story is different. Despite the high debt, the country has considerable financial assets that make its net debt almost zero. They managed to find a way to maintain economic stability, even with a high gross debt. It's as if you had a debt on your credit card, but also had a robust savings account that covered everything!
Greece and Italy
Finally, there are the Greek and Italian situations, which present persistent fiscal challenges. Greece is trying to recover from the 2008 crisis, but its debt-to-GDP ratio is 160,2%, as well as a plan to reduce it by 2030. Italy has 143,2% of its GDP in debt, which makes the country's financial situation unsustainable in the near future. The debt will not be magically eliminated, but will be replaced by budget decline. These countries show that the new may be just a mask.
Brazil
And what can we say about Brazil? Among emerging nations, we are one of the countries with a debt/GDP ratio of 84,68%, a very alarming number. Debt is amplified by persistent fiscal deficits and economic growth that is not in line with what the population needs. It is like trying to run a marathon while carrying a weight on your back and, as long as you never stop, you never go as fast as you would like. Therefore, in short, it is necessary to carry out structural reforms to correct this situation.
United States
The United States faces challenges with a debt-to-GDP ratio of 122%. Even though it is the world's largest economy, the continued fiscal sprawl, with spending on the defense sector and social programs, makes the economy vulnerable in the future. The pressure on debt is increasing, also with the increase in economic uncertainty.
Lebanon and Eritrea
Last but not least, Lebanon and Eritrea are facing deep economic crises. Lebanon, with a debt-to-GDP ratio of 195%, is experiencing a financial collapse that is severely affecting its ability to manage its finances. Eritrea, at 164%, is also struggling, compounded by a lack of transparency in its data. These countries are stark examples of how excessive debt can cripple already vulnerable economies.
The future of public debt
The IMF projects that if effective action is not taken, global public debt could reach 100% of global GDP by 2030. This forecast is a wake-up call for all of us. We need to rethink our approaches and implement fiscal reforms that help contain spending and stimulate sustainable growth.
This overview of public debt in 2024 highlights the many facets of this problem. Whether it is a large, robust economy like Japan or an emerging economy like Brazil, debt presents interrelated challenges.
The urgency of reform and policy coordination has never been greater. After all, what is at stake is the future of the world economy, and it will impact all of us.
Very good information!!
Lewis, you're only wrong because they didn't put other countries on the list, like Argentina, with a debt of over 155%!
To give you an idea, of the 20 richest countries, Brazil is 13th in public debt!
Seriously, Faria Lima is desperate. With the economy booming, workers are gaining value, more people are employed, more people are choosing their own salaries, and this is a mockery of this arrogant elite. And then we have this kind of degrading post. 85% of the GDP, where did the math go? Where 85% is greater than 100%, what do they want? 0% of public spending. So we're going to have to do away with teachers, doctors, firefighters, judges, and so on. Crazy.
In your case, I can only suggest that you calm down a bit, read a lot and reflect a lot. At the level you are at, I won't be able to explain anything to you.
It's like teaching a **** how to get a driver's license, a waste of time.
That's exactly what they want to do is put an end to doctors and teachers and they create private education and health companies with shares on the stock exchange.
Ask Google and check the WhatsApp AI: "How much did Brazil grow this year? What was the unemployment rate this year?" Only then will you know that the country is on the right track. What's missing is for the president of the Central Bank to lower interest rates. If he doesn't do that, the price of the dollar will definitely skyrocket. Spreading negativity about the left is your strong point, but it's hard to do better than this old **** is doing. Not even your lie would do better.
According to manipulated data from IBGE, a measly 2,5%, which I think is a big, big lie, it's more like 0,2 and something 😡
Manipulated??? Do the calculations yourself and present them then!
The first thing I said was that Lula's first public act was at the IBGE, draw your own conclusions. Lula is persona non grata. LOL
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Yes, it is because of layman's opinions like yours that the left is "badly spoken of", doesn't understand anything about economics and wants to give its opinion.
Here's what happens when they do what you want: https://youtu.be/nxEpL9F_sGU?si=RQVpbWHSxeaWmRY7
I just did the same thing, and the result I got is the opposite of what you say, despite having an increase in the economy that we have every year, our currency has devalued precisely due to the mismanagement of public resources and unnecessary spending, in short, in these two years we spent more than we collected and without a pandemic, disastrous numbers compared to those of the Bolsonaro government, which even facing the pandemic closed with the coffers in the blue!
My goodness, where did you come from? What kind of water are you drinking, my brother?
I don't think it's the same as the ex-convict lol
He only drinks what the bird N drinks.
Hahahaha
Ex-convict who made a plan to kill fellow inmates?
There is a huge difference between an ex-prisoner who was unjustly arrested and a FUTURE PRISONER who already has dozens of indictments and hundreds of reasons to get at least half a century of ****, the **** and incapable is the parasitic myth that never produced anything that should have been expelled from the barracks but was retired like a mentally incapable person...
I wanted to see Cachaça 51 catch Covid-19 and, together with the leftists, will there be any idiots left alive?
Poor right-winger, he gets a **** and is belching greatness. Fact
Water that most Brazilians drink. Cachaça is our whiskey or vodka.
Let's get to the facts. Bolsonaro handed over the country with GDP growing faster than China and inflation practically 2x lower than that of the United States. The price of everything in the country was falling and employment was increasing. More than 2 million jobs were created in 2022. In 2023, under the **** administration, this number decreased by 700 fewer jobs. We currently have a record devaluation of the Real. Our money was one of the most devalued on planet Earth. You have practically everything at the same price as during the pandemic. For example, a barrel of gasoline cost $140 and gasoline was R$7 or R$8. (This is happening all over the planet. Gasoline broke a record for its value.) Today, a barrel costs a measly $70 and we are paying R$6,10 on average. This is a phenomenon that is happening practically only here and not all over the world like it was during the pandemic with ****. The price of everything food has gone up, rice, meat... today to buy olive oil you have to pay in installments lol Cooking gas... not to mention that now we have a lot more taxes to pay, new taxes were created and taxes that didn't exist were reinstated, thus leading to several historical records of tax collection, we can't even buy more from China anymore. If it goes to other spheres it is also alarming, the president vetoed important paragraphs of the law that would put an end to the outings once and for all and recently vetoed another important paragraph of the law on pedophilia, thus freeing pedophiles from being recognized... feminicides increasing, etc.... external accounts with a historic deficit, a historic deficit greater than during the pandemic, the country's debt growing... one of the sectors of the economy that grew the most was that of people who are losing their homes because they cannot pay and the bank takes them back lol with the **** there were 9 thousand people losing their homes due to default, while with the myth of Lula's **** there were simply 45 thousand people losing their homes because they could not pay, the economy is really booming lol Dengue? The government managed to kill more Brazilians with dengue in 6 months of the year than in the last 7 years combined, I'm talking about dengue, imagine if it was Covid? It's a record amount of money lost by letting the vaccine expire, it's Janja spending more than 60 million in tax money from the poor while **** is hunting for ****'s jewels... it's so much shit, you could write a book about it here lol what's left for **** is to praise the GDP and outsource the blame for all the shit that's happening in the country hahaha that's because I didn't mention the STF releasing drug dealers practically every month, leaving all the corrupt with a clean record and so on, STF legislating, wanting to censor the people... Bostil is outdoing himself lol
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LOL. I would be a cheeky person if I dared to comment on the economy. I'm just a mere mortal. But, fortunately, I'm not a ****, in ****'s words: we managed to bring the **** to our side. Let's face it, saying that **** left the public coffers full, that the economy was growing, and that employment was growing is using the same strategy that the microcephalics used to win the election: fake news! Is that right, Doctor? So, what do you say about 30 million people going hungry? What do you say about 14 million unemployed people? And the bone queue? From what I read, the post is about the economy, but **** that they are, the poor right-wingers always try to clear the INELIGIBLE's slate, thank God.
I think you just smoked a marijuana cigarette!!
Really? **** didn't even pay the court orders.
True! The asterisks placed in the adjective are intended to prevent us from openly speaking about what we think of the previous government's mismanagement. Note that I'm going to use the same adjective you used and asterisks will appear. In fact, the **** was unable to pay even the court orders. Let alone leave the economy organized for the next government. Instead, he attempted a coup d'état, fact. Because he didn't have the clout to run cleanly, knowing that he wouldn't win the election!
In the blue? And the 795 billion deficit?
True. I wanted to refer to the hole left by ****, but I didn't dare spread fake news because I had forgotten the amount. In fact, the hole left by INELIGIBLE was in the order of 795 billion, according to information widely disseminated by the specialized press.
Hahaha you're a ham, the expenses were higher especially due to the 300 billion default by ****!! In addition to the interest that the "barber" Bob Fields throws at the sky.
You have to look at the numbers better because Fake is a crime because Bolsonaro left a hole of 875 billion, just in amendments to get reelected it was 200 billion. The GDP was 1,5% and today the GDP will be 3% this year, unemployment fell, income increased,
we have reserves of 330 billion dollars.
Again this “black box” shit. Does this black count the HUGE debt left by the federal government to the states due to the ILLEGAL exemption of the ICMS from the states? Does it count the **** extermination of my house, my life, which, according to the “budget” left by the unspeakable for 2023, left 32 MILLION (or 5 mansions owned by Flávio) in planning? Does it count the general breakdown of Universities due to closure due to lack of resources for TOILET PAPER and ZERO money even to pay postgraduate scholarships? Or with the deficit bomb left by the ZONE that became aid during the pandemic with tens of thousands of playboys receiving it because… f….-se, right?!
STOP this bullshit speech now! It's ridiculous, fraudulent and exposes the population to unprecedented humiliation!
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Your answer confirms that you are **** for ****.
Only someone with a pet **** would make this comment…
You may not like the person in the myth, but only those who take advantage of the situation support Thieves…
What a **** response, from someone who doesn't know how to argue...
Onildo Onildo… He grew up with unemployment based on the irresponsible spending of the gang they call the government. The financed money has run out and the bill will arrive. Pay attention.
Boy, inflation for next year is already expected to be double the target set by Haddad. Inflation is caused by the increase in the monetary base, in other words, they are printing a lot of money.
High interest rates are a bitter medicine to contain the advance of inflation.
When you go to a supermarket and see a 5 kg bag of rice for R$35,00, or a 1 kg bag of second-rate meat for R$40,00, it has nothing to do with the Selic rate, but rather with inflation, which weakens our currency and reduces our purchasing power.
I haven't seen anyone in the media complaining that a liter of gasoline is more than R$6,10, even with the price of a barrel of oil falling every day.
Where is the “Brazilianization” of fuel prices promised in the elections?
There are a lot of wrong things happening and everyone is “covering the sun with a sieve”.
It is amazing how someone writes an article with these characteristics, without any commitment to ethics. Out of nowhere, in the middle of the article talking about countries with high debt, they insert a meaningless comment about Brazil. Contrary to what it seems, Brazil's debt/GDP ratio is comfortable, not to mention the high value of its foreign exchange reserves.
I felt ashamed, as a Brazilian, to read a biased article like this, defending the propaganda of the “bank” against Brazil, which was one of the countries that grew the most in the world in the last quarter.
I get angry with the faces of ****! But... there were still people talking about the surplus of the dirty government here in the comments, so, my friend... we should still expect everything from these mongrels!
What “predictions”? The one from the bosti… from the Chicago school that predicted that we would become “Argentina in 6 months, Venezuela in 1 year and a half”? Or “the markets” that “predicted” growth of 0.8% for last year and in fact we grew 2.9%? Do you think it’s normal for such important predictions to have an ERROR OF 360% (yes, an ERROR of THREE HUNDRED AND SIXTY PERCENT)?
Hahahahaha! It's hilarious how we don't see that we are being held hostage by vampires and criminal speculators! People doubt vaccines and that the Earth is round, but "the markets" can say anything! Your false innocence is impressive.
Don't be ashamed to admit that the old man from the Northeast without a university degree is, above all, a natural Brazilian who represents us all over the world. Whether you like it or not, he is human, simple, courageous, with universal thoughts. I would ask the market to let him govern.
**** pet
Young man THIS***** DOESN'T REPRESENT ANYTHING BE CAREFUL WHAT YOU SAY
Lowering interest rates will only increase domestic debt and increase inflation. It would be a great help to include financial education in schools so that in the future our children can be responsible in managing their finances without getting into debt.
Very briefly, the pure truth is that the past government left us with misery and a hunger for a legacy, unemployment has dropped a lot, inflation has settled, if you want more, do it yourself.
While you spread fake news that the previous government left the country in misery and hunger, when it left food, dollars and gasoline cheaper than today, less taxes for the population to pay, inflation 2x lower than that of the United States, 2 million jobs created in the year, GDP growing more than China... while you spread fake news, the Taxad is raising taxes so you can pay for the steak for the millionaire artists who made the L in the elections, while the Lula government tells you to exchange lettuce for chicory and still vetoes a paragraph of law to favor the p3dophiles in the country, you are too j3mentos lol
Onildo, you are a real mole, it is easier to put Taxad as an economics professor at USP