Governments in the red

As the US hits its $31 trillion debt ceiling, there’s a danger it could default. Yet the solution to avoiding the debt ceiling is surprisingly simple.

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COVID-19 triggered a massive increase in government debt, mainly in low-income countries. But it would be economically wrong to put all the blame on COVID.

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If the government of Nepal is not too careful with debt diplomacy, it might face a similar fate to Sri Lanka and Pakistan.

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Pakistan faces a wave of problems on multiple fronts, but its growing debt can no longer be overlooked as inflation soars and foreign reserves crumble.

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Eye-watering government debt makes for good headlines, but how much is too much is far less clear.

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The issues that led Sri Lanka to become an economic basket case in 2022 serve as a warning for other nations.

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When nations get caught in spiralling debt, it’s future generations who will end up paying the price.

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