The $2 Trillion Interest Bill That’s Hitting Governments

The world spent the previous decade-plus profiting from rock-bottom rates of interest to binge on debt. An unprecedented invoice is coming due.

Governments are anticipated to spend a internet $2 trillion paying curiosity on their debt this 12 months as greater rates of interest make borrowing dearer, up greater than 10% from 2022, in response to an evaluation of Worldwide Financial Fund knowledge by analysis consulting agency Teal Insights and a separate evaluation by Fitch Scores. By 2027, it might high $3 trillion, in response to Teal Insights.