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This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
At the end of March 2023, UK general government gross debt was £2,537.0 billion, or 100.5% gross domestic product. [ 2 ] Approximately a third of the UK national debt is owned by the British government due to the Bank of England 's quantitative easing programme, so approximately a third of the cost of servicing the debt is paid by the ...
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
This chart show UK debt as a percentage of GDP (1993-2023) Items portrayed in this file depicts. bar chart. ... 19:03, 28 January 2024: 643 × 335 (93 KB) Johnson twj:
The Office for Budget Responsibility warned that debt could jump by nearly 320% in 50 years’ time if taxes are not increased. UK faces risk of recession from cost crunch and ballooning debt ...
Map of S&P's sovereign long-term foreign credit ratings as of March 2024. Legend: AAA AA+ AA AA− A+ A A− BBB+ BBB BBB− BB+ BB BB− B+ B B− CCC+ CCC CCC− SD/D. For S&P, a bond is considered investment grade if its credit rating is BBB− or higher.
In July 2007, the UK had government debt at 35.5% of GDP. [133] As a result of the 2007–2010 financial crisis and the late-2000s global recession, government spending increased to a historically high level of 48% of GDP in 2009–10, partly as a result of the cost of a series of bank bailouts.
Debt interest has grown as a proportion of government spending in the last few years as a result of rising interest rates, and increased debt due to primarily to the cost of the Covid pandemic. [10] In financial year 2018–19, debt interest was £43 billion - around 5% of total government spending [11] compared to around 10% in 2023–24.