In addition to growth, inflation, and interest rates, government debt is once again taking center stage. The IMF describes the global fiscal situation as increasingly strained: Global public debt stood at 93.9% of global GDP in 2025 and, according to current projections, is on track to reach 100% of global GDP by 2028.
Less Room for Crisis
This makes it clear that many countries will have less room to maneuver in the future when it comes to responding to new crises with large-scale fiscal programs. Higher interest costs, additional spending on security and social programs, and weaker growth are exacerbating this trend.
What This Means for Capital Markets and Companies
This is relevant for capital markets because fiscal vulnerability will sooner or later manifest itself in financing costs, political pressure, and market sensitivity. For companies, this means an environment in which government stabilization can no longer be taken for granted indefinitely. Fiscal soundness thus becomes a macroeconomic competitive factor once again.
In an environment of tighter fiscal buffers, the 1000FTAD software stands out for its disciplined, transparent, and automated risk management in markets prone to shocks.
