United Nations: Global public debt has reached a record level of $92 trillion

A United Nations report showed that global public debt rose to a record level of $92 trillion in 2022 with governments borrowing to face crises, and domestic and external debt around the world increased more than fivefold in the past two decades, exceeding the rate of economic growth, as gross domestic product tripled. times only since 2002.

The UN report added that "debt has turned into a huge burden for developing countries due to limited access to financing, high borrowing costs, currency depreciation and slow growth." Some of the poorest countries in the world are being forced to choose between serving their debts or serving their people, UN Secretary-General Antonio Guterres told reporters.