US national debt to skyrocket

Interest payments and the shift to clean energy will add to government spending, the organization warns US public debt will continue to rise in the coming years amid increased government borrowing, the International Monetary Fund said in its Fiscal Monitor report released on Wednesday. IMF economists believe the rise will come partly because Washington is spending more on healthcare and social security, as well as clean energy projects and other domestic economic policies. The US debt-to-GDP ratio is projected to be 122.2% this year, just slightly above 121.7% in 2022. It is expected to rise further to 136.2% of G

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