By the close of 2022, public debt per person surged in Singapore, the United States, and Japan, placing these nations at the forefront of the global change. Russia, meanwhile, stood at a distant 94th position in the same ranking. This summary reflects an analysis of United Nations data as reported by RIA Novosti.
Among the leading economies, Singapore topped the list with a public debt per capita of 117.4 thousand dollars. The United States followed in second place with 93 thousand dollars per person, and Japan continued in third with about 88.4 thousand dollars per resident.
According to UN figures, Russia ranked 94th, with a per-capita debt of 2.98 thousand dollars. Russia’s total public debt was reported as 22.8 trillion rubles by the Ministry of Finance and Rosstat, while the adjusted indicator stood at 155.8 thousand rubles, equating to roughly 2.2 thousand dollars per person at the prevailing exchange rate.
In June, Bloomberg noted that by the end of May, the United Kingdom had run a budget deficit of 20 billion pounds, about 25.5 billion dollars, pushing public debt to a critical level equal to the nation’s total GDP expenditure. This contrasted with historical patterns, as such a debt-to-spending ratio has not been observed since 1961.
In recent years, the United States has faced the challenge of a rising national debt, with new records appearing over the past three decades as fiscal dynamics shift and borrowing costs evolve.