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From the BBC World Service: Governments around the world are going to have to find ways to tighten their financial belts following unprecedented pandemic spending. Global public and private debt rose to 256% of GDP, or $226 trillion in 2020 – the largest one-year debt surge after World War Two – according to the International Monetary Fund’s Global Debt Database. Ghana’s government is facing stiff resistance, including a brawl in parliament, to plans for an online transaction tax that could raise over $1 billion next year.
Aired December 29, 2021
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