The national debt of the USA exceeded 36 trillion. USD for the first time in history, indicates the statistics of the service US Debt Clock.
In the database of the service in the column “total public debt“ as of November 15, the amount is 36 trillion. USD. This is a record figure. At the beginning of January, it exceeded 34 trillion. USD.
Earlier, Republicans have already criticized US President Democrat Joe Biden for his policies, which they say have led to an increase in the national debt.
In June, the International Monetary Fund (IMF) in its report on the review of the US economy, based on Article 4 of its statute, emphasized the need to resolve the issue of the US national debt, which from 2032 will amount to 140 % of GDP. The organization believes that “there is an urgent need to stop the continued rise in the government debt-to-GDP ratio”, as 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 remove" this problem.
According to forecasts of the US Congressional Budget Office, the national debt in 2034 will exceed 50 trillion dollars (122% of GDP). According to management forecasts, average annual GDP growth in 2029-2034 will be 1.8%.