Global Public Debt Set to Exceed $100 Trillion, IMF Warns

The International Monetary Fund highlights rising borrowing and fiscal challenges amid political and economic uncertainties.

Global government borrowing is projected to reach 93% of global GDP by the end of 2024, potentially hitting 100% by 2030.
The IMF report warns of increased risk of financial crises due to mounting public debt and political resistance to tax hikes.
Both U.S. presidential candidates propose fiscal policies that could significantly increase national debt, with Trump's plans potentially adding more.
The IMF suggests that fiscal consolidation is necessary, but current efforts are insufficient to stabilize or reduce debts.
Global debt could escalate to 115% of GDP by 2026 under adverse scenarios involving weak growth and policy uncertainties.