IMF Warns Global Debt May Exceed $100 Trillion

Ukraine's public debt is projected to exceed 100% of its GDP for the first time in 2025, according to the IMF, with current levels expected to reach 95.6% this year and potentially 117.5% under a negative scenario. Concurrently, global government debt could surpass $100 trillion in 2023, representing 93% of global GDP, driven largely by expenditures from crises such as the pandemic and the ongoing conflict in Ukraine. The IMF's Managing Director Kristalina Georgieva has urged countries to manage their debt carefully, warning of potential economic shocks. The IMF also downgraded its global growth forecast to 3.2% for next year, while emphasizing risks from rising debt and geopolitical tensions. In the U.S., the budget deficit has reached $1.833 trillion, with interest payments on federal debt exceeding $1 trillion for the first time, reflecting rising borrowing costs due to higher interest rates. Overall, the IMF stresses the importance of fiscal responsibility to mitigate future economic challenges.