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GLOBAL SHIFT TOWARDS HIGHER PUBLIC SPENDING

GLOBAL SHIFT TOWARDS HIGHER PUBLIC SPENDING Why in the News? Rising Deficits: IMF data shows budget deficits and public debt increasing across major economies after pandemic and geopolitical shocks. Policy Shift: Governments are moving away from austerity towards higher spending on defence, infrastructure and welfare. Debt Concerns: Global public debt is projected to cross 100% …

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