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The International Monetary Fund reported that total global debt (including both private and public debt) stood at $251 trillion – just above 235% of global gross domestic product (GDP) – in 2024, according to its own release. Of that total, global private debt declined to $151.8 trillion during the year, while public debt increased to $99.2 trillion. With last year's decline, global private debt now stands at 143% of GDP, its lowest level since 2015. By contrast, public debt increased to nearly 93% of GDP, reflecting persistently high fiscal deficits among governments worldwide.
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