Countries' debt is increasing scary.

[yixichloro2xx]

My country keeps borrowing loan from IMF, China ,Arab countries and others , every single time. I just checked our total debt and saw a total of $97.24billon, that is 18.22% increase from the former debt of the past administration, yet I haven't seen the purpose of the money they keep  borrowing. Our infrastructures are still poor, cost of living is high due to inflation, alot of the citizens finds it hard to access quality healthcare and education.  To be honest, there's nothing wrong if a country borrows money, it's just the way they use the money that annoys the citizens. Most of the fund go into the  pockets of the leaders, then the tiny amount left will now be used to build a low standard infrastructures for the citizens.

[DabsPoorVersion]

Countries taking debt is normal, that's necessary to ensure the country's economic stability, while maximizing the citizens welfare. What is not normal and is scary is when the country is highly increasing its debt, yet it has done no positive effects on the people and on the country in general, since corruption is the main focus of the elected country's leaders.

So don't worry if you see a country never stops increasing its debt, it stays reasonable as long as the country and the people benefited a lot. But worry when the total opposite is happening.

Let's just say that taking a debt is normal, but to say that the people should not worry is like you simplify the issue. A country with a continuous accumulation of debt can end up facing an economic problems, especially if the money is not used responsibly. Even if the government claims that the debt is planning to be used for the developmeng and economic growth, if they take more debt than usual, there's something wrong with that.

[danherbias07]

Yeah, that's true. This year, our country is going to borrow money again, and I don't think there's ever been a year that we didn't borrow anything at all. It's okay if one country also has many uncollected debts from other countries. The USA, for example, may have debts with the World Bank, but some countries also have debts with the US due to war assistance and other forms of assistance. But for a country who had not given any assistance to other countries, very soon they may find themselves either in bad economic era or the country is not theirs anymore.

Bitcoin can also be a good escape from a sudden undervaluation of fiat money or a bad economy.

[alastantiger]

The amount of debt is increasing in almost all countries around the world, but in some places, there is a limitation, but in many countries, it is going to an excessive level. In this situation, if the governments do not take proper steps, then there are some countries whose debt will increase further. And if the debt increases, an easy way for the government is to print new currency and use that currency to pay off the debt.

This is not a good solution because it is going to cause the currency and economy of the country to fall. Many other countries that have tried this strategy have been met with regrets because they saw how debt can make a country to be poor printing new currency does not improve the value of the currency hence it is not a solution but the government working on the economy of the country by improving it is the solution to their problem as that can make them to payback their debts.

Every country surviving through borrowing and increasing their debt is going to fall one day as it is causing them to lose the value of their currency but instead they have to start producing more products that can be exported then cash being brought into the country to strengthen the countries economy. The government needs to look for better solutions to reduce the borrowing being done by them or they step down for others with good governance skill to take over.

[batang_bitcoin]

Let's just say that taking a debt is normal, but to say that the people should not worry is like you simplify the issue. A country with a continuous accumulation of debt can end up facing an economic problems, especially if the money is not used responsibly. Even if the government claims that the debt is planning to be used for the developmeng and economic growth, if they take more debt than usual, there's something wrong with that.

It won't be a problem if you can see where the debt is being spent. But if there are no results, no programs, no projects and no infrastructures being made through the debt, then that's really amplifying the issue that there's something wrong with what the government does. They are borrowing and getting more debts for nothing then, and the people can't be blamed if they're thinking the same things that if there are no visible results then it's probably going to the pockets of the corrupt people in the government. That's certainly going to affect the economy because the people will be the ones to pay for it through taxes and other fees.

[Chilwell]

Let's just say that taking a debt is normal, but to say that the people should not worry is like you simplify the issue. A country with a continuous accumulation of debt can end up facing an economic problems, especially if the money is not used responsibly. Even if the government claims that the debt is planning to be used for the developmeng and economic growth, if they take more debt than usual, there's something wrong with that.

It won't be a problem if you can see where the debt is being spent. But if there are no results, no programs, no projects and no infrastructures being made through the debt, then that's really amplifying the issue that there's something wrong with what the government does. They are borrowing and getting more debts for nothing then, and the people can't be blamed if they're thinking the same things that if there are no visible results then it's probably going to the pockets of the corrupt people in the government. That's certainly going to affect the economy because the people will be the ones to pay for it through taxes and other fees.

Some few honest leaders in some countries are actually doing their best, by developing their country in such a way that the Citizens will not feel bad or have something to say negatively about the money they borrowed. The country that are exhibiting this habit are not meaning because if there are many we won't be seeing the protest on the international TV everyday.

Most especially in my own country, I feel so bad anytime they are borrowing because our loans continue to accumulate without any measure to fix it, our leaders are not afraid of taking loans because there is one thing they believe in, they said government is a continue process which is exactly what is affecting us. Right now we are still suffering for the debt which was took 10 to 15 years back, all this is because we have a very bad leadership.

[batang_bitcoin]

It won't be a problem if you can see where the debt is being spent. But if there are no results, no programs, no projects and no infrastructures being made through the debt, then that's really amplifying the issue that there's something wrong with what the government does. They are borrowing and getting more debts for nothing then, and the people can't be blamed if they're thinking the same things that if there are no visible results then it's probably going to the pockets of the corrupt people in the government. That's certainly going to affect the economy because the people will be the ones to pay for it through taxes and other fees.

Some few honest leaders in some countries are actually doing their best, by developing their country in such a way that the Citizens will not feel bad or have something to say negatively about the money they borrowed. The country that are exhibiting this habit are not meaning because if there are many we won't be seeing the protest on the international TV everyday.

Most especially in my own country, I feel so bad anytime they are borrowing because our loans continue to accumulate without any measure to fix it, our leaders are not afraid of taking loans because there is one thing they believe in, they said government is a continue process which is exactly what is affecting us. Right now we are still suffering for the debt which was took 10 to 15 years back, all this is because we have a very bad leadership.

For as long as it's utilized well, the leaders won't even have to think the backlash that will be said to them. Because even if they do good, there will be critics as usual. But the problem is if they didn't do anything after that debt then it shows what kind of leaders they are. And that's the kind of legacy that they're going to leave to their constituents once their terms are done or when they have already stepped out of office or if they retire.

[BlackHatCoiner]

At this point, fiat is basically just a massive shitcoin with the world's biggest marketing budget (and an army).

Bitcoin isn't just a lifeboat anymore, it's the only sober driver in a clown car heading straight for a cliff. Keep stacking sats and enjoy the circus.

[Halifat]

For as long as it's utilized well, the leaders won't even have to think the backlash that will be said to them. Because even if they do good, there will be critics as usual. But the problem is if they didn't do anything after that debt then it shows what kind of leaders they are. And that's the kind of legacy that they're going to leave to their constituents once their terms are done or when they have already stepped out of office or if they retire.

I think it is best the criticize them when they are doing the right thing, I want you to understand one thing, no matter how you paint someone's black and that particular person did not deserve it, definitely they will come a time you will actually said good things about that person. This world is full of critics so we shouldn't let it hold us down, because if they do that simply means that we are a loser, let us assume ourselves as an example each and everyone of us have someone that criticizes us and that particular person will even be among the beneficiary of your resources, who those things are just envy and  jealousy. If a leader can be honest definitely only few will criticize him.

[LUCKMCFLY]

Debt, in general, is a business; just look at how even the United States is indebted, but it's not noticeable because the official currency is the dollar, and only in this way can they carry out many economic transactions without it being obvious.

When Trump started imposing all those trade tariffs on countries, he did so to reduce internal debt and boost the economy. The fact that they now have Venezuelan oil is boosting their income and profits in the country.

Oil, by itself, is the main driver of technology; it's clear that clean technology is the best, but it's expensive.

Third-world countries are always the ones that generate the most debt. Debt expands much more because the printing of money causes inflation due to the devaluations that many countries make with their local currency; that's why debt is increasingly seen as a business.

In individual economies, when we buy on credit, we are feeding the bank and the organization that offers the credit. But given the high price of everything, loans are the best lifeline to maintain or survive.

[batang_bitcoin]

For as long as it's utilized well, the leaders won't even have to think the backlash that will be said to them. Because even if they do good, there will be critics as usual. But the problem is if they didn't do anything after that debt then it shows what kind of leaders they are. And that's the kind of legacy that they're going to leave to their constituents once their terms are done or when they have already stepped out of office or if they retire.

I think it is best the criticize them when they are doing the right thing, I want you to understand one thing, no matter how you paint someone's black and that particular person did not deserve it, definitely they will come a time you will actually said good things about that person. This world is full of critics so we shouldn't let it hold us down, because if they do that simply means that we are a loser, let us assume ourselves as an example each and everyone of us have someone that criticizes us and that particular person will even be among the beneficiary of your resources, who those things are just envy and  jealousy. If a leader can be honest definitely only few will criticize him.

Whether they do right or wrong, every citizen has the right to criticize them. I am not like that, I admire when they are doing the right thing. But when I can see that there's something wrong and inappropriate, I am not doing it. Everyone is free to criticize however they want. But appreciating it when they do the right thing is okay and it's for free. It won't take that much of our energy if we're so positive with them and praises them for that. As said, "give credits where it is due".

[Fortify]

My country keeps borrowing loan from IMF, China ,Arab countries and others , every single time. I just checked our total debt and saw a total of $97.24billon, that is 18.22% increase from the former debt of the past administration, yet I haven't seen the purpose of the money they keep  borrowing. Our infrastructures are still poor, cost of living is high due to inflation, alot of the citizens finds it hard to access quality healthcare and education.  To be honest, there's nothing wrong if a country borrows money, it's just the way they use the money that annoys the citizens. Most of the fund go into the  pockets of the leaders, then the tiny amount left will now be used to build a low standard infrastructures for the citizens.

Sometimes countries get themselves in such a rut you do need an external power to correct it, but it's usually due to overspending on public services that lead to that point and requires cutting back to solve it. Often it can be one political party that devastates the country (if it's lucky enough to be a democracy) yet the opponents who come in afterwards who have to fix it. Maybe democracy is broken in that sense, but it has become a lot worse on recent years as these parties have become polarized to the extremes of the political spectrum. The IMF seems rather tame in what it asks for in return, often requiring opening the economy or forcing the sale of certain assets via privatization. But you might argue that is cheap in comparison to countries like China who promise funding for mega projects but most of the construction benefit goes to Chinese companies and there are often more onerous terms on the debt.

[SPIDERMAN008]

This is not a good solution because it is going to cause the currency and economy of the country to fall. Many other countries that have tried this strategy have been met with regrets because they saw how debt can make a country to be poor printing new currency does not improve the value of the currency hence it is not a solution but the government working on the economy of the country by improving it is the solution to their problem as that can make them to payback their debts.

Every country surviving through borrowing and increasing their debt is going to fall one day as it is causing them to lose the value of their currency but instead they have to start producing more products that can be exported then cash being brought into the country to strengthen the countries economy. The government needs to look for better solutions to reduce the borrowing being done by them or they step down for others with good governance skill to take over.

I agree with you that paying off debt by printing new money will further weaken the economy. On the one side , the government has borrowed money because they does not have to run the country, on the other side , if it has to print new money to pay off that debt, inflation will continue to increase. thats mean the government's debt will increase, inflation will increase. This is enough to bring a country's economy to the bottom. Where people will lose the value of their assets without committing any things wrong . And I agree with you that the government should increase production and increase exports, as a result of which it will not have to borrow money and print new currency . When all the things are available in sufficient to meet the demand of the country, the price of that product will decrease. All the products will come within the purchasing power of the people. Taking such steps is the most important thing to develop and move the country forward economically.

[DYOR+BTC]

My country keeps borrowing loan from IMF, China ,Arab countries and others , every single time. I just checked our total debt and saw a total of $97.24billon, that is 18.22% increase from the former debt of the past administration, yet I haven't seen the purpose of the money they keep  borrowing. Our infrastructures are still poor, cost of living is high due to inflation, alot of the citizens finds it hard to access quality healthcare and education.  To be honest, there's nothing wrong if a country borrows money, it's just the way they use the money that annoys the citizens. Most of the fund go into the  pockets of the leaders, then the tiny amount left will now be used to build a low standard infrastructures for the citizens.

Those are things we experience when a nation is been lead by a group of corrupt individuals whose objectives is to enrich themselves without considering what citizens are going through.
This issue of loans is a very serious matter that makes me believe or feel that IMP and other bodies giving this loans has some hidden benefits they enjoy at last if not why will someone keep giving loans to people that has know system established for the clearing of those loans.
Leaders will sit and depends on loan when the country has different sources of income that are not used for anything yet same citizens suffering will still support them because of the little peanuts given to us.

[Antotena]

My country keeps borrowing loan from IMF, China ,Arab countries and others , every single time. I just checked our total debt and saw a total of $97.24billon, that is 18.22% increase from the former debt of the past administration, yet I haven't seen the purpose of the money they keep  borrowing. Our infrastructures are still poor, cost of living is high due to inflation, alot of the citizens finds it hard to access quality healthcare and education.  To be honest, there's nothing wrong if a country borrows money, it's just the way they use the money that annoys the citizens. Most of the fund go into the  pockets of the leaders, then the tiny amount left will now be used to build a low standard infrastructures for the citizens.

You know what is annoying about our governments, the older generations have been complaining about the things we have been complaining about and till date, there has been no any improvement. They do say it will get better, tomorrow will be better but till now it has never been better, we are still in debt. Each government that comes to power increase our debt and we don't see much development with the promises they make before the election.

I don't know what to say about the lenders, IMF was the reason why the government removed fuel subsidy because they think the level of corruptions and money embezzlement was high. They close the subsidy so they can divert the funds to other places but there has been no improvement. The cost of transportation has gone 4x, the average life of a commoner is worst. With all these debts our government is eating, there is no improvements.

[Dick Long]

My country keeps borrowing loan from IMF, China ,Arab countries and others , every single time. I just checked our total debt and saw a total of $97.24billon, that is 18.22% increase from the former debt of the past administration, yet I haven't seen the purpose of the money they keep  borrowing. Our infrastructures are still poor, cost of living is high due to inflation, alot of the citizens finds it hard to access quality healthcare and education.  To be honest, there's nothing wrong if a country borrows money, it's just the way they use the money that annoys the citizens. Most of the fund go into the  pockets of the leaders, then the tiny amount left will now be used to build a low standard infrastructures for the citizens.

This amount you have mentioned is very small compared to the United States debt. If their is a good purpose this debt is used to settle, this would be a good thing but it's unfortunate that most of the money were used to sponsor terrorism in other countries that are working to develop their countries being forced to fight terrorists.
The world debt will continue to grow due to inflation and conflicts in some part of the world.

[bhadz]

My country has a huge a debt and it's just getting bigger. We the taxpayers are going to pay that, and that's why every purchase that we mostly do, it's taxed. The salary income that we earn is also taxed although there are proposals of increasing the bracket to be tax-free for certain income earners. But everything that we touch is being taxed and we're only paying the interest. Statistics are saying that our child had already a burden carried by the debts of the government just for being born, lol. The ballooning of the government debt isn't even materializing into infrastructure projects. Corruption is killing a lot of my countrymen.

[fruktik]

You just reminded me of the government of my country they keep taking loans that end up not being useful to the society but in their pocket, maybe if those money where spent on the citizen's interest it would've help boost the economy and reduce the inflation rate even give them the opportunity to generate money and gradually clear the debt quickly.

 But when a foolish government attains power they careless about the society or the people that vote them into power, that's why my country's government keep taking loans and piling it up instead of looking for ways to settle it.

The problem is that completely incompetent people come to power. More precisely, this is typical in countries where power is usurped by a single person and they don't allow intelligent people to surround them, people whose knowledge would outshine their leader. This is a problem in many countries. It can be addressed, but it's very difficult and life-threatening.

In my country, the financial situation is worsening every day. Economists say the current generation is doomed to live in total poverty and destitution for many years, with no escape in sight.