IMF warned the USA not to increase its budget burden 16:54

The International Monetary Fund warned the United States not to increase budget expenditures and debt burden. writes about this Finance Times.

IMF First Deputy Managing Director Gita Gopinath said strong growth in the world’s largest economy gave Washington “ample” room to cut its budget deficit.

“Given the strength of the US economy, we see sufficient reason for the US to reduce the size of the budget deficit,” Gopinath said.

He said it was time for advanced economies to “invest in fiscal consolidation” and reduce their debt burdens to pre-pandemic levels.

The fund urged countries to avoid “financing all spending through debt”. In an April report, the IMF predicted the US budget deficit would be 7.1% of GDP in 2024; This rate is more than three times the developed economy average of 2%.

Gopinath praised the fiscal reforms in the eurozone but stressed the importance of their implementation. He also noted the need to reform pension systems and health services due to the aging population.
The IMF deputy chief backed the Biden administration’s plans to raise taxes on wealthy Americans.

“We are seeing a case for more progressive taxation in many countries,” he said.

previously economist named One of the important advantages of Russia.

Putin before named The amount the United States owes to the global economy.

What are you thinking?

Source: Gazeta


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