That assumes a growth rate similar to the last decade’s. If the debt rockets up like it has over the last few years, the total will be $50.9 trillion.
The government hit the debt ceiling back in January which blocked any net new debt from being created from January to June. Read more here.
Globally, government debt/GDP ratios and debt service costs have increased since the GFC and Covid, raising the relevance and importance of sovereign bond indices like the FTSE Debt Capacity World ...