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.
The US national debt exceeded $36 trillion for the first time in history
