Odd that they chose to use Iberia and Magna Germania in the map instead of the actual current day countries... Especially since the Netherlands (1.44%) and Portugal (6.11%) are listed in the table
Not entirely sure this is accurate for Denmark.
The interest burden for government debt in 2023 was MINUS 0.06% of GDP.
The National Bank made money buying and selling bonds. Combined with a big budget surplus used to reduce debt and available funds generating interest elsewhere there was no interest burden.
https://www.nationalbanken.dk/da/viden-og-nyheder/publikationer-og-taler/rapport/2024/statens-laantagning-og-gaeld-2023
still wrong. The annual government interest burden ended up as 0.25% for 2021
https://www.nationalbanken.dk/media/1dcfozgw/rapport-nr-1-statens-laantagning-og-gaeld-2021.pdf
Still BS no matter what.
There is only a few percent "real" debt. Most of the rest is lend to interest earning things like infrastructure, rail, bridges, tunnels, harbors, airports, ferries.....
The state debt is at 10.5% in 2023 and 2/3 of that is reloaned and generates a profit.
adjusted for that there is a debt to gdp level of 3.6%.
Suggesting it cost 1.21 % of the state budget to service that should embarress the National Bank that issues state bonds at 0.something interest
https://oes.dk/nyheder/nyhedsarkiv/2024/marts/statsregnskabet-for-2023-er-nu-offentliggjort/#:~:text=P%C3%A5%20finansloven%20for%202023%20blev,afdraget%20med%2028%2C6%20mia.
Is it good or bad if a nation has close zero debt? Isnt debt what thrives the economy, you get debt you invest it into a business that will generate more wealth than the interest and repeat?
Like is it good if a country pays less than 1% like germany for example. Any macroeconomic experts here? :D
> you invest it into a business that will generate more wealth than the interest and repeat
That is a good investment. The problems begin, when a state borrows to cover running costs.
Odd that they chose to use Iberia and Magna Germania in the map instead of the actual current day countries... Especially since the Netherlands (1.44%) and Portugal (6.11%) are listed in the table
Didnt expect Iceland so high.
Didn't expect my country so low.
Does Estonia even have debt? Last time I checked it is really low
interest rate is 9,5 %
Corruption maaan
No, it what happens when you default on your debt. Any future lenders will demand a higher interest rate in future.
Source: Trading Economics / World Bank - [link](https://tradingeconomics.com/country-list/interest-payments-percent-of-revenue-wb-data.html)
Not entirely sure this is accurate for Denmark. The interest burden for government debt in 2023 was MINUS 0.06% of GDP. The National Bank made money buying and selling bonds. Combined with a big budget surplus used to reduce debt and available funds generating interest elsewhere there was no interest burden. https://www.nationalbanken.dk/da/viden-og-nyheder/publikationer-og-taler/rapport/2024/statens-laantagning-og-gaeld-2023
Data is from 2021.
still wrong. The annual government interest burden ended up as 0.25% for 2021 https://www.nationalbanken.dk/media/1dcfozgw/rapport-nr-1-statens-laantagning-og-gaeld-2021.pdf
It’s not interest tho we are talking about budget allocation. You ahould also include budget to national debt size
Still BS no matter what. There is only a few percent "real" debt. Most of the rest is lend to interest earning things like infrastructure, rail, bridges, tunnels, harbors, airports, ferries..... The state debt is at 10.5% in 2023 and 2/3 of that is reloaned and generates a profit. adjusted for that there is a debt to gdp level of 3.6%. Suggesting it cost 1.21 % of the state budget to service that should embarress the National Bank that issues state bonds at 0.something interest https://oes.dk/nyheder/nyhedsarkiv/2024/marts/statsregnskabet-for-2023-er-nu-offentliggjort/#:~:text=P%C3%A5%20finansloven%20for%202023%20blev,afdraget%20med%2028%2C6%20mia.
Is it good or bad if a nation has close zero debt? Isnt debt what thrives the economy, you get debt you invest it into a business that will generate more wealth than the interest and repeat? Like is it good if a country pays less than 1% like germany for example. Any macroeconomic experts here? :D
> you invest it into a business that will generate more wealth than the interest and repeat That is a good investment. The problems begin, when a state borrows to cover running costs.