OECD report points to mounting global debt crisis
Across the 38-member organisation, interest payments on government debt are swallowing an ever-greater portion of government ...
It's not just America with a debt problem. World governments face the highest debt costs since 2007.
"This combination of higher costs and higher debt risks restricting capacity for future borrowing" the OECD said in a report ...
Rich countries are paying more interest on debts than spending on their militaries
Debt service costs as a percentage of GDP for the 38 OECD countries rose to 3.3% in 2024, up from 2.4% in 2021, according to ...
Government debt interest costs hit highest level since 2007
Sovereign borrowing among the high-income group of countries is expected to reach a fresh record of $17tn in 2025, compared with $16tn in 2024 and $14tn in 2023, according to the OECD report. This ...
Opinion
The Financial Express6hOpinion
Focus of fiscal health: A path toward sustainable debt management
The Twelfth Finance Commission had argued that the investible surplus for the private corporate sector and the non-government public sector can be derived as the excess of household financial savings ...
Germany’s debt brake snaps: what’s next for Europe’s largest economy?
The German Bundestag just made a historic decision today. A decision that will finally break Germany’s debt brake. This ...
IPPMEDIA16h
India’s GDP has doubled to USD 4.2 trn over last ten years: IMF
India’s Gross Domestic Product (GDP) has doubled in size over last ten years, according to the latest data released by the ...
AOL6d
US debt could explode above 200% of GDP in two decades if Trump’s tax cuts become permanent, CBO says — putting it at unsustainable levels
It found that US debt held by the public could soar above 200% of GDP by 2047 and 250% by 2054 ... there may be exerting pressures on countries to buy the debt, to own the debt, political ...
Rising debt and spending demands: the squeeze on Britain’s finances — in charts
The rise reflects Britain’s stagnant economic growth and the legacy of costly government responses to the pandemic and higher energy costs. Economists said Reeves would struggle to meet rising demands ...
The Strategist12d
It’s been done before: pay for more defence spending with debt
Australia, Britain and European countries should loosen budget rules to allow borrowing to fund higher defence spending, a ...
Budget 2025: Labor’s fiscal reckoning with debt to GDP on rise
Analysis by The Australian ­reveals Treasury figures in ­Tuesday’s budget are expected to show gross debt as a percentage of GDP in 2024-25 will be higher than predicted in the May 2024 budget and in ...