Ranking of Countries with the Largest Government Debt in 2026

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Austria is in a persistent growth crisis and is now threatening to be crushed by its sovereign debt. Two EU countries show the way out.

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Photo by Money Knack on Unsplash Public debt is the sum of debts taken by the government, the central bank and the private sector with government guarantees. Of these, government debt is the unpaid part of the loans taken by the government to carry out its functions. The government takes on debt when the state budget expenditures exceed revenues. The size of the public debt, as a burden on the country's economy, is calculated as a percentage of …