The total amount of fiscal mobilization made by countries around the world to deal with the economic downturn caused by the new coronavirus amounted to more than 1,400 trillion yen in Japanese yen, and public debt at the end of last year, which is a debt, swelled to the worst level ever. I found out.
This was announced by the IMF = International Monetary Fund on the 28th, and the total amount of fiscal mobilization made by countries around the world to deal with the economic downturn caused by the new coronavirus is about 14 trillion dollars, 1400 trillion yen in Japanese yen. I climbed too much.
As a result, global public debt, which is debt, as of the end of last year, exceeded 97% of the total GDP = gross domestic product.
This is the worst level ever, and shows that debt has risen to about the same scale as the wealth that countries around the world produce in a year.
The debt ratio by country stands out at 258% in Japan, 128% in the United States, 70% in Germany, and 65% in China.
In addition, fiscal stimulus related to the new coronavirus is expected to continue, and the world's public debt is expected to reach 99% of GDP by the end.
The IMF appreciates the huge fiscal stimulus of each country in response to the crisis, but points out that in the medium term, it will be necessary to deal with the fiscal deterioration.