Since the markets began to tumble in 2008, governments around the world have spent almost $11 trillion bailing out failing banks and trying to repair the financial system. Find out how the money was spent and what it means for the taxpayers who have funded it. Cost of global bail-out Governments spent $10.8 trillion on the bail-out

$3.6 trillion was spent in the US

$2.4 trillion in the UK

$3.2 trillion in other rich nations

$1.6 trillion was spent by China and other emerging nations

The US spent the equivalent of 25.8% of its GDP

The UK spent the equivalent of 94.4% of its GDP

The financial burden for each US citizen is $10,000

In the UK the cost per person is $50,000 (£31,250)

Read story: Crisis 'cost us $10,000 each'

As one of the world's major financial centres, the UK has been one of the hardest hit by the financial chaos. What effect have the bail-outs had on the public finances and how has it hit people's personal wealth? Breakdown of UK bail-out £1.5 trillion was spent on the bail-out in the UK

£650bn on guarantees to the banks against losses

£400bn on purchase of assets and lending by the Treasury

£200bn on cash support (liquidity) to prevent banks running out of money

£185bn was spent on the special liquidity scheme

£56bn on RBS and Lloyds/HBOS

£48bn on Northern Rock and Bradford & Bingley

However, if the banks dont go bust and the economy recovers, the taxpayers should get their money back

By 2014 the national debt is predicted to rise to £1.37 trillion

The government is likely to have to pay annual interest of £60bn, the equivalent of the whole education budget

In 2007/08 people in the UK lost £422bn on the value of their house and £393bn of their savings, pensions and investments.

The total loss of personal wealth was equivalent to £31,000 per household

Read story: How every UK household lost £31,000 See a map showing how different countries' budget deficits, surpluses and stimulus plans compare here



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