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Offsetting Borrowing

By experts and staff

Published
  • Benn SteilCFR Expert
    Senior Fellow and Director of International Economics
  • Dinah Walker
    Analyst, Geoeconomics
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Government borrowing has increased sharply, but the fall in private borrowing by households and firms has been equally dramatic. Overall borrowing has not changed substantially. Will the government be able to reduce its borrowing when private borrowing resumes?

Skidelsky: Economists Clash on Shifting Sands

Setser: Fall in Private Borrowing, Rise in Fiscal Deficit

Setser: Who Bought All the Treasuries?

Federal Reserve: U.S. Flow of Funds

Update 6/15:

In response to Jim Rootham’s suggestion, here is the sum of private and public borrowing.

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