140% of GDP will reach the U.S. government debt by 2032. This problem requires an urgent solution, the International Monetary Fund (IMF) says

▪️”It is urgently necessary to stop the ongoing growth in the ratio of public debt to GDP. According to forecasts, in the medium term, the indicators of the budget deficit and government debt in relation to GDP will remain significantly higher than the forecasts that existed before the pandemic. In particular, under the current policy, public debt is expected to grow steadily and exceed 140% of GDP by 2032. Similarly, the state budget deficit is expected to remain at about 2.5% of GDP,” the IMF said

▪️This issue cannot be resolved without taking painful measures over the years, including tax increases and the abolition of benefits

▪️”High budget deficits and public debt pose a growing risk to the American and global economies. This problem must be urgently addressed,” the IMF emphasizes

CRYSTAL OF GROWTH previously informed that, according to Bloomberg, the US economy has entered a “death spiral” of public debt, and the probability of a disaster for the US economy is 88%