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 March Jobs Surge Beats Forecasts, But Wage Growth Sparks Inflation Concerns READ MORE Latest Inflation Data Shows Fed Has More Work to Do READ MORE Google Search for ‘Buy Gold’ Up 64% as Market Crashes READ MORE Which Commodities Are Doing the Best in 2023? READ MORE Fed's Powell: More Evidence Needed Before Rate Cut Considerations READ MORE Add a Comment Cancel replyYour email address will not be published.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