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IMF: US national debt this year to exceed 123% of GDP
Finance
- 17 April, 2024
- 14:40
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The US national debt in 2024 will exceed 123% of the country’s GDP and will continue to grow over the coming years, reaching a level of almost 134% in 2029, according to the updated forecast of the International Monetary Fund (IMF), Report informs.
The total US government debt will rise to 123.3% of GDP in 2024, up from 122.1% in 2023, according to a document released on April 17.
In 2025, the figure will increase even more and amount to 126.6%, after which it will continue to grow and reach 133.9% of GDP in 2029.
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