![f0029-02](https://article-imgs.scribdassets.com/9idjan7pdscov7ma/images/fileZHZ2XNVQ.jpg)
KNOW YOUR DEBT
![f0029-01](https://article-imgs.scribdassets.com/9idjan7pdscov7ma/images/fileJECNMWA2.jpg)
GLOBAL DEBT IN 2023, OR 336% OF GDP.2
The servicing of debts is absorbing an average of 38% of budget revenue across the Global South.3
PUBLIC DEBT OWED BY GOVERNMENTS AND OTHER PUBLIC BODIES.
PRIVATE DEBT OWED BY BUSINESSES, HOUSEHOLDS AND EVERYONE EXCEPT GOVERNMENTS.
Creditors can include banks, private companies, other