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      <title>Why Belgium Holds More U.S. Debt Than Saudi Arabia, and What That Actually Means</title>
      <link>https://mediapresser.com/2026/04/23/why-belgium-holds-more-u.s.-debt-than-saudi-arabia-and-what-that-actually-means/</link>
      <pubDate>Thu, 23 Apr 2026 00:00:00 +0000</pubDate>
      
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      <description>Belgium holds $477.3 billion in U.S. Treasury securities as of December 2025, ranking it fourth among all foreign holders of U.S. federal debt, ahead of Canada, France, and Taiwan. Belgium&amp;rsquo;s GDP is roughly $600 billion. The idea that a country with an economy that size has organically accumulated nearly half a trillion dollars in U.S. sovereign paper, driven by domestic institutional demand, does not survive casual scrutiny. Belgium&amp;rsquo;s appearance near the top of the foreign holdings table is not evidence of Belgian appetite for Treasuries.</description>
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