America’s debt has increased by $ 15 trillion in the last ten years and by $ 8 trillion in three years
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According to an estimate, by 2033, about 25 percent of the revenue of the US government will go to repay the interest. The condition has become such that only $ 37 billion in cash is left with the US Treasury, which is the lowest since 2017. The department is auctioning One-Day Cash Management Bills worth $15 billion. This is the first time after 2007 that he has to do so. The debt limit was exceeded in January itself, so could not borrow more money to pay the bills. Finance Minister Janet Yellen warned that the Treasury Department would default on June 5 if the debt limit was not extended.
whose investment is
US Treasury bonds are considered the safest in the world. The reason for this is that America has never defaulted in the payment of debt. If the US defaulted, the value of its Treasury bonds would drop significantly. This would have affected countries around the world including India, China and Japan. The reason for this is that these countries have invested heavily in US government bonds. Japan’s investment in US government bonds is $1.1 trillion, while China’s is $870 billion. According to World of Statistics, the UK holds $655 billion in US government bonds, Belgium $354 billion, Luxembourg $329 billion, the Cayman Islands $284 billion, Switzerland $270 billion, Ireland $255 billion and Taiwan $226 billion. dollars invested.
India has an investment of $ 224 billion in US government bonds. Similarly, Hong Kong has $221 billion, Brazil $217 billion, Canada $215 billion, France $189 billion and Singapore $179 billion in US government bonds. Similarly, in US bonds Saudi Arabia $ 120 billion, South Korea $ 103 billion, Germany $ 101 billion, Norway $ 92 billion, Bermuda $ 82 billion, Netherlands $ 66 billion, Mexico $ 59 billion, UAE India has an investment of $59 billion, Australia $57 billion, Australia $57 billion and Kuwait $49 billion. Countries with the least exposure to US bonds include Sweden ($42 billion), Thailand ($46 billion), the Bahamas ($46 billion), Israel ($48 billion) and the Philippines ($48 billion).
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