The public debt problem of many developed countries remains a concern.

The public debt problem of many developed countries remains a concern.

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The continuous increase in public debt in many developed countries remains a concern, especially after massive government spending to cope with the economic crisis and the pandemic. Economists and analysts warn of potential risks to long-term financial stability if spending is not controlled and debt reduction measures are not found in a sustainable manner. Effective management of public debt is a major challenge for governments around the world.

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