Janus Henderson: Global government debt to hit record $71.6trn in 2022

Taxpayers to pay for bond holdings

Global government debt is set to soar by 9.5% to a record $71.6trn in 2022, according to the second annual Janus Henderson Sovereign Debt Index.

The $6.2trn increase in debt will primarily be driven by the US, Japan and China, but every country across the world is likely to see its borrowing levels increase, Janus Henderson stated. In 2021 alone, global government debt jumped to $65.4trn, an increase of 7.8% year-on-year, as every country increased borrowing amid the Covid-19 pandemic. Meanwhile, the global interest burden is set to grow by around one seventh on a constant-currency basis to $1.16trn this year. Emerging markets: A focus on debt Janus Henderson stated that the biggest impact here will likely be felt in the...