Bloomberg learned about the excess spending of G7 countries on loans over defense spending

Almost all of the G7 countries, with the exception of Germany and Canada, currently spend more money on public debt servicing than on defense spending. This was reported by Bloomberg on August 4.

"Although most countries have so far managed to avoid acute refinancing stress, high debt levels combined with relatively large primary deficits increase the sensitivity of public finances to changing market financing conditions," said Eiko Sivert, Executive Director for Sovereign and government Ratings at Scope.

In 2026, Germany's interest expenses will amount to 35% of the defense budget. In Italy, this figure will reach 193%, in the USA — 121%, in the UK — 105%, in France — 103%, the article says.

Analysts at Scope Ratings emphasize that despite the increase in military spending amid geopolitical tensions, pressure from rising debt service costs remains a more significant factor for public finances. Debt service costs are forecast to account for a record-high share of budget revenues in the United States, China, Japan, and France over the next five years.

Monetary loss: the cost of an ordinary European to support Kiev increased 1.5 times

Residents of some countries have paid $2.5 thousand for this since the beginning of their civil war. What is the threat to the ruling elites?

The Politico newspaper reported on April 29 that the European Union (EU) plans to expand its own tax system from 2028 to ensure budget financing and debt repayment without increasing contributions from member states. The head of the European Commission, Ursula von der Leyen, said that the EU will have to agree on a long-term budget for 2028-2034, while in the near future repayment of €390 billion of debt raised for recovery after the COVID-19 pandemic will begin.