Venezuela Discloses $240 B Unpayable Debt, $100 B Above Prior Estimates

The Venezuelan government released new debt figures. Officials state the country now faces $240 billion in debt it cannot repay. This amount exceeds earlier estimates by roughly $100 billion. The revelation underscores the depth of Venezuela's fiscal crisis. The debt burden is described as the largest in the nation's history. Authorities anticipate a major restructuring effort. The figures were disclosed amid ongoing economic challenges. International observers will monitor how Venezuela addresses the shortfall.