EconomyMost G7 nations spend more on debt servicing than defense, Bloomberg says
Bloomberg reports that debt-servicing costs exceed defense spending in most Group of Seven countries. Italy’s payments on its debt are nearly three times its defense budget, according to the agency. The United States spends more than twice as much on interest payments as it does on defense. The figures highlight the growing weight of debt costs relative to military expenditure across the G7.
Most G7 nations spend more on debt servicing than defense, Bloomberg says