Government Spending Lifts Global Debt to a Record $348 Trillion in 2025, Says IIF

Global debt climbed to a record $348 trillion at the end of ⁠2025, ⁠after nearly $29 trillion was added over the year ⁠in the fastest yearly build-up since the pandemic surge, a banking trade group reported on Wednesday. The increase was driven primarily ​by governments, which accounted for more than $10 trillion of the rise...