Government debt is becoming a bigger issue as borrowing costs remain elevated.

Across OECD economies, interest payments have risen as public debt has grown and refinancing has become more expensive.

The important part isn't just how much governments owe it's how much they now have to spend servicing that debt.

Higher interest costs can put pressure on government budgets, reduce room for new spending and make future borrowing more difficult.

This is one reason global liquidity and interest-rate policy remain important for financial markets, including crypto.

Debt itself isn't necessarily the problem.

The bigger question is whether governments can manage rising debt costs without creating additional pressure on the broader economy.

A trend worth watching closely.
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