The US national debt exceeded $36 trillion for the first time in history. This is evidenced by service statisticsUS Debt Clock. In the service database, in the column “total public debt” as of November 15, the amount is listed as $36 trillion. This is a record figure. In early January, it exceeded $34 trillion. Earlier, Republicans had already criticized US President Democrat Joe Biden for his policies, which, in their opinion, led to an increase in the national debt.
In June, the International Monetary Fund (IMF), in its report on the review of the American economy based on Article 4 of its charter, emphasized the need to resolve the issue of the American national debt, which by 2032 will amount to 140% of GDP. The organization believes that “there is an urgent need to stop the continued rise in the ratio of public debt to GDP,” since, according to the fund, “such high deficits and debt pose a growing risk to the US and global economies.” The financial institution emphasizes the need to “urgently eliminate” this problem.
In June, the International Monetary Fund (IMF), in its report on the review of the American economy based on Article 4 of its charter, emphasized the need to resolve the issue of the American national debt, which by 2032 will amount to 140% of GDP. The organization believes that “there is an urgent need to stop the continued rise in the ratio of public debt to GDP,” since, according to the fund, “such high deficits and debt pose a growing risk to the US and global economies.” The financial institution emphasizes the need to “urgently eliminate” this problem.
According to forecasts by the US Congressional Budget Office, the national debt in 2034 will exceed $50 trillion (122% of GDP). The agency estimates average annual GDP growth of 1.8% from 2029 to 2034.
