The Bank for International Settlements (BIS) has raised concerns about the soaring government debt levels across various countries, warning about potential financial market disruptions and the threat to global financial stability. With global debt at record highs and elections in major countries like the US, France, and Britain carrying risks, BIS emphasizes the need for governments to curb the rise in public debt and adjust to the reality of higher interest rates. The BIS highlighted the risks associated with high and growing debts, particularly in the face of challenges like aging populations, climate change, and defense rebuilding, which could unsettle markets. The warning underscores the importance of avoiding a crisis similar to what the UK faced in 2022 due to rising debt levels and emphasizes the importance of establishing a solid financial foundation to tackle inflation and ensure stability in the global financial system.