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September 8, 2025, 10:51 PM - 3 min read
Bayrou had initiated the confidence vote himself, hoping to gain support for his plan to reduce the deficit, which has swelled to nearly double the European Union’s 3pc limit. France’s debt has now climbed to about 114 percent of its GDP.
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September 20, 2024, 07:25 PM - 3 min read
Pakistan faces a challenging task of repaying USD 100 billion in external debt over the next four years, nearly 10 times its current USD 9.4 billion foreign exchange reserves, with the government relying on debt rollovers from countries like Saudi Arabia and China to manage the payments.
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May 14, 2024, 12:28 PM - 2 min read
Sitharaman raised concerns over comparisons made solely on absolute numbers without considering the GDP growth, which forms the basis of debt calculations. "Many times absolute numbers have been compared without considering the GDP growth on which the debt calculations are based," she stated.
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March 13, 2024, 12:33 PM - 2 min read
"This is an amazing number to watch in the next few years," commented @WallStreetSilv. "We are not that far off from a day when 100% of individual income taxes are going to be required to pay for interest on the debt."
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