Public debt worldwide - statistics & facts
Following the COVID-19 pandemic, global public debt received reemerging attention. Many countries combat the economic downturn through help packages, often financed through loans, meaning that public debt increased afterward. Particular interest has been devoted to the debt of the United States, which increased steadily over the past decade, and the country's debt ceiling had to be raised several times in recent years. Moreover, developing countries tend to rely on loans to boost their economies and to finance public expenses, but often face poor loaning conditions, and debt repayments make up a significant amount of some countries' government expenses.
