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 ...
Wall Street Journal10d
Debt Issuance by Governments of Rich Countries to Hit Record High, OECD Says
Governments in rich countries are set to issue a record $17 trillion in bonds this year as the higher cost of refinancing existing debts continues to push their interest bills higher, the ...