In 2022, the US government’s debt was 100 times greater than that of Russia, and the next largest debtor was equal to the combined government debt of 13 countries. DEA News.
At the end of last year, US public debt reached a record $31.42 trillion. At the same time, the liabilities of the next 13 largest borrowers were $23 billion less – $31.4 trillion.
Japan’s government is second in the world with 9.59 trillion dollars of debt, followed by China with 3.75 trillion dollars. The UK owes $3.03 trillion and Italy $2.88 trillion. This is followed by France, India, Germany, Spain, Canada, Brazil, South Korea, Singapore and Australia – which collectively owe $12.15 trillion.
According to the results of 2022, the public debt of the Russian Federation was only $ 294.8 billion, which is 107 times less than the US debt, 33 times less than the debt of Japan and 13 times less than the debt of China.
It was previously reported that from October 2022 to April 2023, the United States spent $460.26 billion, or 12.75% of all federal budget spending, on public debt service.