The IMF: Global Public Debt Could Exceed $100 Trillion in 2024 Amid Rising Spending in the U.S. and China:
The International Monetary Fund (IMF) expects total global public debt to surpass the $100 trillion mark in 2024,
Driven by increased spending in major economies such as the United States and China.
In its Global Financial Outlook report,
The IMF noted that the global public debt-to-GDP ratio will reach 93% by the end of this year
and is likely to approach 100% by 2030,
exceeding the peak observed during the COVID-19 pandemic, which was 99%.

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Countries like the United States, Brazil, France, Italy, South Africa,
and the United Kingdom is expected to see its debt levels rise.
The IMF warned that delaying action to address this issue
could trigger negative market reactions and weaken governments’ ability to manage their budgets in times of crisis.

The report also highlighted that global challenges,

such as the transition to clean energy, aging populations, and security risks,
have increased uncertainty regarding fiscal policies, adding pressure on public spending.
In the worst-case scenario, the IMF projected that the global debt-to-GDP ratio could reach 115% within three years.

The IMF: Global Public Debt Could Exceed $100 Trillion in 2024 Amid Rising Spending in the U.S. and China

The IMF: Global Public Debt Could Exceed $100 Trillion in 2024 Amid Rising Spending in the U.S. and China

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