Article 4XQ8G Ballooning debt forces poor countries to cut public spending

Ballooning debt forces poor countries to cut public spending

by
Lucy Lamble
from Economics | The Guardian on (#4XQ8G)

Congo-Brazzaville and Chad among hardest hit as campaigners warn spiralling repayments could trigger disaster

Poorer countries are cutting public spending in response to a "growing debt crisis", campaigners have warned.

Debt in some countries has trebled according to new figures that calculate debt reimbursements, and their impact on government expenditure, in 60 countries.

Related: Debt in developing economies rises to record $55tn

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