Multiple shocks exacerbated the pressure on fiscal spending! Fitch Ratings: Government debt in developed economies will hit a record high by the end of 2026.

The WiseFinance app learned that credit rating agency Fitch Ratings said on Tuesday that with countries continuing to face fiscal deficits, geopolitical tensions, and rising demand for fiscal spending, government debt in developed economies is expected to rise to a record $75.8 trillion by the end of 2026.