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Charted: $315 Trillion in Global Debt, by Sector — Governments top the list
543 sats \ 4 comments \ @Coinsreporter 10 Sep charts_and_numbers

Global Debt Share by Sector

Global Debt Rises to $315 Trillion

Global debt rose for the second consecutive quarter, increasing by $1.3 trillion to a new record high of $315 trillion in Q1 2024. In the table below, we can see how mature markets make up $209.7 trillion, which is two-thirds of the global total.
While most mature market sectors saw minimal year-on-year increases in debt ranging from 0.2% to 1.9%, the government sector had an outsized increase of 4.5%, or $2.7 trillion.
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20 sats \ 3 replies \ @grayruby 10 Sep
315T is rookie numbers. We can do better than that. Haha.
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20 sats \ 2 replies \ @Coinsreporter OP 10 Sep
Haha! I'm sure our governments won't let us down on this.
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20 sats \ 1 reply \ @grayruby 10 Sep
If you can count on government for anything it is borrowing from the future for immediate gain.
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71 sats \ 0 replies \ @Coinsreporter OP 10 Sep
So, true. Yesterday, iwas watching a Bollywood movie where the protagonist becomes the head of a state and ordered to pay directly the half of taxes to villagers for solving their problems. I immediately felt, wow! Can we see it happening in reality when there are no middleman like government! All other leaders opposed and said if people are gonna solve their problems by themselves their value would be no more than a street dog.
That's a fact! Leaders are like crook middlemen who instead of making a proper road only repair the pits and innocent people place them on their heads!
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