The International Monetary Fund (IMF) has raised concerns about overspending by the US government, warning it has been reigniting inflation risks and undermining financial stability around the world.
The US federal budget deficit jumped from $1.4 trillion in fiscal 2022 to $1.7 trillion last year, according to the latest World Economic Outlook, issued by the IMF on Tuesday.
The ballooning US national debt, which exceeded $34 trillion in December, and the fiscal deficit threatened to exacerbate sky-high levels of inflation while posing a long-term risk to the global economy, according to the report.
“Something will have to give,” the IMF warned.
https://www.rt.com/business/596061-imf-us-rising-debt/
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