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Wealthy nations are paying extra curiosity on money owed than spending on their militaries – Firstpost
Debt service prices as a proportion of GDP for the 38 OECD nations rose to three.3% in 2024, up from 2.4% in 2021, in keeping with a report learn extra Curiosity funds have develop into the biggest drain on the financial output of rich nations since no less than 2007, surpassing their expenditures on defence…