Fitch Ratings Projects Developed Market Government Debt to Reach Record $75.8 Trillion by End of 2026

Fitch Ratings anticipates that government debt across developed economies will climb to a record $75.8 trillion by the end of 2026, driven by persistent budget deficits, geopolitical tensions, and increasing spending demands. The ratings agency expects a $4.2 trillion increase this year alone, bringing the total to 104% of gross domestic product. The United States and other large borrowers are highlighted as major contributors to this global debt accumulation.