Government spending lifts global debt to a record $348 trillion in 2025, says IIF Government spending lifts global debt to a record $348 trillion in 2025, says IIF
THURSDAY, FEBRUARY 26, 2026
Global debt climbed to an all-time high of $348 trillion by the end of 2025, after almost $29 trillion was added over the year, its fastest annual increase since the pandemic-era spike, according to the Institute of International Finance (IIF) in its latest Global Debt Monitor released on Wednesday (February 25).