I wanted to write something on the National Debt as a constraint on fiscal policy, here are my confusing notes.
Links
- National Debt by country by the IMF
- Public sector debt and money markets operations etc (including reserves) by the BoE, I say, “Why is the BoE data so impenetrable?”
- Foreign Debt: Definition and Economic Impact from Investopedia – Excessive levels of foreign debt can hamper countries’ ability to invest in their economic future—whether it be via infrastructure, education, or health care—as their limited revenue goes to servicing their loans. This thwarts long-term economic growth.
- Potential vulnerabilities from a rising stock of foreign-held debt, by the OBR
- UK debt held by foreign investors, a series of charts, from 2003, to 2023, focusing on the proportion, which has been increasing but because domestic saving has collapsed. By Economics Help.

I updated this today, added the OBR and Economics Help links, and the Economics Help chart.