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Rich nations face highest debt costs since 2007

The Guardian

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March 21, 2025

The cost of government debt payments in the world's richest nations last year reached its highest level since 2007, outstripping the amount spent on defence, police services and housing, a report has found.

- Phillip Inman

Across the 38 members of the Organisation for Economic Co-operation and Development (OECD), debt service costs as a proportion of national income rose to 3.3% in 2024, from 2.4% in 2021.

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