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 ...
Ray Dalio says he had a 'frank' discussion with the GOP about US debt and the 'mechanics behind how countries go broke'
Dalio said he had a "frank apolitical discussion" about the national debt with House Budget Chair Jodey Arrington and other ...
ActionAid21hOpinion
Kenya's IMF woes highlight the need for a new and sustainable economic pathway, says ActionAid
ActionAid International Kenya’s Programs and Strategy Lead, Samson Orao, said: "It is deeply concerning that Kenya finds ...
The Financial Times8d
Government debt interest costs hit highest level since 2007
Debt service costs as a percentage of GDP for the 38 OECD countries climbed to 3.3 per cent in 2024, a sharp rise from 2.4 per cent in 2021, according to the group’s Global Debt Report on Thursday.
Average personal debt in Northern Ireland doubles as household bills rocket
The average debt owed by people in Northern Ireland has almost doubled in the last four years to £13,000. The new figures, ...
Cassidy: The national debt is crushing the American Dream
I voted for the Tax Cuts and Jobs Act in 2017. Lower- and middle-income Americans saw the biggest tax rate cuts. But pandemic ...
Business Daily Africa11d
Debt service costs up by Sh69bn on higher domestic interest rates
Interest payments on domestic debt alone jumped 2.6 times to Sh325.7 billion and accounted for the increase in debt service ...