The rating agency Standard and Poor's (S&P) said on Monday that the government debt of the United States, China, Brazil and India is expected to rise further this year. The U.S. government debt is expected to climb 8% or $163 billion year-on-year in 2016, while China's debt is expected to jump 18% or $51 billion.

The Eurozone's debt is expected to decline 6%.

Global government debt is forecasted to increase 2% to $42.4 trillion.