Last year, only three countries’ central governments reduced their liabilities in dollar terms. Apart from Russia, Argentina (-7%) and Japan (by 4%) did so. However, Japanese government debt is still heavy at – $9.1 trillion.
On the other hand, Brazil increased its debt by 22% to $1.67 trillion, India by 15% to $2.04 trillion, and China by 13% to $4.2 trillion.
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