Global Debt includes the borrowings of Government, Institution | ECONOMY by VIVEK SINGH

Global Debt includes the borrowings of Government, Institutions/businesses and Individuals.

Global Debt has increased to 336% of GDP and in absolute terms its rising. But it may not be a concern as every year the Global GDP is increasing and hence the Global Money Supply. Money supply gets created/increased through savings and then lending (debt) by banks using the concept of 'fractional reserve banking'. So as such its not a concern.

If Govt.'s debt has risen too much then it may default or it can 'Inflate away the Debt'. It means that letting inflation to increase (by borrowing more money from Central Banks) which will result in the drop in real value of money. [Inflation benefits Debtors]. The amount of money that the Govt. has to repay will have less value in real terms due to rising inflation and Govt.'s revenue (taxes and others) are in nominal terms.