Driven by defence spending, global govt borrowing set to hit record $12.3 tn in 2025

Driven by defence spending, global govt borrowing set to hit record $12.3 tn in 2025

Global government borrowing is projected to hit a record $12.3 trillion this year, driven by increased defence spending and other expenditures in major economies, along with rising interest rates, according to a report

Global government borrowing is projected to hit a record $12.3 trillion this year, driven by increased defence spending. Reuters File