Video: The Effect of War, Ballooning Debt

The escalation of global geopolitics in recent years, both between Russia and Ukraine, America-Israel and Iran, as well as tensions between China and America, has greatly influenced the budget allocations of countries around the world. Amid the still-raging wars, many governments are increasing their military spending, even unafraid to take on debt to strengthen their national resilience. So what is the impact of this phenomenon? Watch the explanation by Crysania Suhartanto in full in the CNBC Indonesia Power Lunch programme (Friday, 17/04/2026) below.