The International Monetary Fund projects that global government debt will reach around 102% of GDP by 2030, a level not seen since World War II.
The report highlights that the increase is largely driven by the United States and China, as governments continue to rely on borrowing to finance deficits and support economic growth.
Debt levels have been rising since the COVID-19 pandemic, further pressured by higher interest rates and ongoing geopolitical tensions.
Analysts warn that continued growth in global debt could pose risks to financial stability, particularly if economic growth slows or debt servicing costs increase.