International Monetary Fund: Global debt is skyrocketing
According to Webangah News quoted by Mehr News Agency quoted by Sputnik, the International Monetary Fund has announced a significant increase in global public debt by the end of 2024 gave.
A new report by the International Monetary Fund shows that public debt will reach 100 percent by the end of this year. It will reach trillions of dollars. America’s high borrowing is cited as the main reason for this increase in global debt.
The International Monetary Fund modeled a very unfavorable scenario and announced that the world’s future debt level could reach 115% of GDP within three years.
According to the report, it is expected that the highest debt growth will occur in America, Brazil, France, Italy, South Africa and England.
The International International Monetary Fund announced that the US government debt is currently 35.68 trillion It is dollars. Data from the US Treasury Department in August showed that the country’s budget deficit during the presidency of Biden has reached 6.6 trillion dollars.
