New Delhi, Oct. 28 -- Global public debt is projected to rise above 100pc of GDP by 2029, said the International Monetary Fund (IMF) fiscal monitor report today.
The IMF, an intergovernmental organization which focuses on global monetary cooperation, said, "Global growth remains lackluster, and public debt is high and rising with increasing defence spending, aging populations and higher interest rates putting additional strains on public finances."This Fiscal Monitor report explores how enhancing spending, efficiency, and strategically reallocating resources - particularly towards infrastructure, human capital, and research and development can improve growth prospects without increasing overall spending.
"The public debt landscape is very...