Malaysia has to pay about 110b USD yearly, only the interest, not the debt itself. Very big burden to our country, and our yearly budget is a deficit budget with 6% GDP. How about US? I Google that it has 31.46 T USD debt, how to pay off its debt? How much interest is that to pay yearly?
Looking at 2022 numbers— The U.S. government spent a record US$213 billion on interest payments on its debt in the fourth quarter, up $63 billion from a year earlier. Indeed, a jump of almost $30 billion on the previous quarter represents the biggest quarterly jump on record. That comes as the Fed lifted interest rates a whopping 4.25 percentage points from March through December. As an economist, I am concerned that the effect of higher interest payments on the government’s budget is being ignored. Higher interest payments mean the federal government will either have to lower spending, raise taxes or issue more debt to service its obligations. And financing interest payments by issuing more debt could be a particularly poor choice – sooner or later, the bill will come due. (Dwyer↱) —we can suggest between $800-900 billion per annum in interest payments. The thing is, we could probably look it up and find more specific numbers. It's one thing if I don't, but why haven't you? (e.g., I found the Dwyer article by asking Google for: |annual interest u.s. debt|, and that was the first useful return.)____________________ Notes: Dwyer, Gerald P. "US is spending record amounts servicing its national debt – interest rate hikes add billions to the cost " The Conversation. 30 January 2023. TheConversation.com. 3 March 2023. http://bit.ly/3EW4j9W
different creditors different interest rates over different times how much is a difficult number to pin down pubic debt is only part of the picture
Please Register or Log in to view the hidden image!Please Register or Log in to view the hidden image!Please Register or Log in to view the hidden image!Please Register or Log in to view the hidden image!Please Register or Log in to view the hidden image!print more green back to pay off the 31T debts? US population = 333,287,557 Debt = 31.46T Average one person owes = 94392
if memory serves: Saddam Husein offered to sell oil in other currencies than the US dollar and we destroyed his country Muammar Qaddafi tried to create a trans African currency backed by Libyan gold instead of the us dollar and we destroyed his country and now................................. ? Biden threatened to turn the ruble into rubble and seems to be doing it the petro dollar time will tell will my Vietnamese shoes cost more? will my Chinese computer parts cost more? will my Malaysian shirts cost more? WTF?
