Growing public debt as the main factor in the expected global recession

dc.contributor.authorChikobava, Malkhaz
dc.description1. 2. 3. Iacurci Greg, (2023). A debt ceiling standoff may trigger ‘serious’ fallout for Americans, warns economist. Here’s what it means for you. January 18, 2023. and-how-a-standoff-may-affect-consumers.html 4. IMF Seminar: CBDCs for Financial Inclusion: Risks and Rewards. October 14, 2022. risks-and-rewards 5. Kolber Vince, (2022). How Much Washington Really Owes: $100 Trillion. Unfunded entitlements are more than twice as large as the official national debt. The problem is growing. Dec. 20, 2022. medicare-medicaid-treasury-11671571955?mod=opinion_major_pos4 6. Peter G. Peterson Foundation, (2022). What Is The National Debt Costing Us? June 9, 2022. 7. The New Yourk Times, (2022). US National Debt Tops $31 Trilion for First Tima. 8. Катасонов В., (2023). Госдолг США упёрся в потолок, экономика опускается на дно. 58273.html 9. Катасонов В., (2023). Мир теряет интерес к покупке американских токсичных бумаг. 1.08.2023. 58163.html 10. Катасонов В., (2023). Тайны Минфина СШАю Суммарный государственный долг впервые в истории Америки превысил 100 трлн долларов. 1.05.2023. us-58146.html
dc.description.abstractThe article discusses the dynamics of the budget deficit and public debt of the US federal government and the factors influencing them. It is shown that the growing problem of the sovereign debt of industrialized countries poses a threat not only to these countries, but also to global economic stability and security. Based on data from the US Treasury, the article analyzes the reasons for the decline in the interest of foreign financial investors in US treasury securities. According to the US Department of the Treasury, which refers to the end of October 2022, foreign holders of US Treasury securities accounted for $7.19 trillion, and the central banks of other countries - $3.65 trillion, that is, about half. It is worth noting that from October 2021 to October 2022, the amount of US debt held by foreigners decreased by 6 percent, or $459 billion. On an annualized basis, such a large-scale reduction in the foreign portfolio of US securities has not been observed before. This decrease occurred against the backdrop of an increase in the key rate of the US Federal Reserve starting from March 2022, which also meant an increase in interest rates on US Treasury securities. In the spring of last year, it was assumed that due to the increase in the yield of US financial instruments, there would be an additional influx of foreign capital into America, but US Treasury securities failed to become attractive to foreign financial investors.
dc.identifier.citationConference Proceedings: "The World Economy in the Post-Pandemic Period: Implications and Challenges", Tbilisi, 2023, pp. 294-302
dc.publisherIvane Javakhishvili Tbilisi State University Press
dc.titleGrowing public debt as the main factor in the expected global recession
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Growing Public Debt as the Main Factor in the Expected Global Recession.pdf
104.7 KB
Adobe Portable Document Format
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
1.71 KB
Item-specific license agreed upon to submission