The Institute of International Finance has predicted that by 2028, government debt will reach $130 trillion, a growth of 35 percent from its levels at the end of last year. U.S. debt issuances will be the world's largest driver of government debt, along with bond issuance on global markets.
About 20 percent of the projected increase in debt will come from the United States, with the latest estimates by the Congressional Budget Office (CBO) predicting that U.S. federal government debt will rise from 98 percent of GDP in 2024 to more than 105 percent of GDP in 2028, before surpassing an all-time high of 106 percent recorded after World War II, by 2029.
Source (Al-Arabiya.net Website, Edited)
