The UN says global public debt hit a record $97 trillion in 2023. Developing countries are hard hit
- Global public debt reached a record $97 trillion in 2023, per the United Nations, impacting developing countries which own about a third, limiting funding for essential services like healthcare and education.
- Developing countries face a challenge where one in three countries spends more on interest payments than critical areas like healthcare and education, affecting 3.3 billion individuals.
- Egypt, Mexico, Brazil, and India, along with China, top the list of developing nations with substantial public debt, as borrowing costs rose, increasing interest payments to $847 billion in one year.
17 Articles
17 Articles
The UN says global public debt hit a record $97 trillion in 2023. Developing countries are hard hit - The Morning Sun
GENEVA (AP) — Global public debt rose to a record $97 trillion last year, the United Nations reported Tuesday, with developing countries owing roughly one-third of that — crimping their ability to pay for basic government services like health care, education and climate action. U.N. Trade and Development, formerly known as UNCTAD, said the value of money owed by governments rose by $5.6 trillion from 2022. In its report entitled “A World of Debt…
The UN says global public debt hit a record $97 trillion in 2023. Developing countries are hard hit
By JAMEY KEATEN Associated Press GENEVA (AP) — The United Nations is reporting that global public debt rose to a record $97 trillion last year, with developing countries owing roughly one-third of that – crimping their ability to pay for basic government services like health care, education and climate action. U.N. Trade and Development, formerly known as UNCTAD, says the value of money owed by governments rose by $5.6 trillion from 2022. In a r…
The UN says global public debt hit a record $97 trillion in 2023. Developing countries are hard hit
Global public debt rose to a record $97 trillion last year, the United Nations reported Tuesday, with developing countries owing roughly one-third of that — crimping their ability to pay for basic government services like health care, education and climate action.
The UN says global public debt hit a record $97 trillion in 2023. Developing countries are hard hit
GENEVA (AP) — The U.N. is reporting that global public debt rose to a record $97 trillion last year, with developing countries owing roughly one-third of that – crimping their ability to pay for basic government services like health care, education and climate action. U.N. Trade and Development, formerly known as UNCTAD, says the value […]
The UN says global public debt hit a record $97 trillion in 2023. Developing countries are hard hit
Global public debt rose to a record $97 trillion last year, the United Nations reported Tuesday, with developing countries owing roughly one-third of that — crimping their ability to pay for basic government services like health care, education and climate action.
Global public debt reached a record of 97 billion dollars (about 89 billion euros) in 2023, indicated yesterday the United Nations, detailing that developing countries are responsible for a third of this amount. Compared to 2022, the debt increased by about 5.6 billion euros. In a report released today, the United Nations stated that one in three developing countries is spending more money on interest payments than on programs for 'c.
Coverage Details
Bias Distribution
- 47% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
