This study presents the facts, arguments and scenarios around public debt from a global perspective. Especially the largest economies feature record debt and fiscal risks, including from population ageing and financial imbalances. Given low interest rates, there is no imminent problem. But at some point, debt will have to come down.
Ludger Schuknecht Book order


- 2022
- 2020
Public Spending and the Role of the State
- 260 pages
- 10 hours of reading
This book presents a holistic, comprehensive discussion of a highly relevant topic in economics: public expenditure, its history, value for money, related risks and remedies. It discusses the arguments and facts in a non-technical manner, with many tables and charts, for students, professionals and the interested public alike.