For the first time in the history of the United States, the country’s national debt reached $35 trillion.
This is evidenced by information released by the US Department of the Treasury.
And the Congressional Budget Office predicts that the US national debt will increase significantly – from 99% of GDP this year to 122% by 2034.
The MIA Rossiya Segodnya agency, which has reviewed these figures, says that the International Monetary Fund has a more pessimistic forecast.
In particular, the IMF believes that by 2032, US government debt will exceed 140% of gross domestic product.
In connection with such gloomy expectations, the Fund reported that such growth could threaten not only the American, but the entire world economy.
Based on this vision of the situation, the IMF calls on Washington to quickly address the issue of reducing its debt.
According to official statistics, by the time Joe Biden comes to power, i.e. Since the start of his presidency in 2021, the country’s national debt has stood at $28 trillion.
