IMF tells countries to cut spending as total global debt nears size of world economy

Global Market: IMF urges governments to cut spending, reduce debt as borrowing costs rise. The IMF has urged governments worldwide to rein in spending, narrow budget deficits and reduce debt as global public debt approaches 100% of GDP. Rising bond yields and borrowing costs are adding to fiscal pressures and limiting room to tackle future economic shocks. As on 14 Oct 2026, 01:30 AM IST (What's moving Sensex and Nifty Track latest market news , stock tips , Budget 2025 , Share Market on Budget 2025 and expert advice , on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Teleg