Global Public Debt Reaches $97 Trillion, Developing Nations Struggle The United Nations reported that global public debt reached a record $97 trillion in 2023, with developing countries holding about one-third of this debt, severely impacting their ability to fund essential services like healthcare, education, and climate action. The debt increased by $5.6 trillion from 2022, driven by high interest payments that surpass growth in crucial public spending. The report calls for changes in the international financial system to ensure sustainable development. The U.S., China, and Japan are the top debt holders, while Egypt, Mexico, Brazil, and India lead among developing nations. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold's Upward Momentum Continues Amid Global Economic Uncertainty READ MORE Goldman Sachs: Gold is the Best Investment Right Now READ MORE Powell Cautious on Rate Cuts, Sees Longer Path to Inflation Target READ MORE Slow and Steady: US Economy Navigates Controlled Deceleration READ MORE Amazon Gold Bust: Brazilian Police Uncover Massive Illegal Mining Operation READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment