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2024.10.24 06:47 GMT+8

IMF warns of alarming global debt levels

Updated 2024.10.24 06:47 GMT+8
Owen Fairclough

The International Monetary Fund (IMF) has raised concerns about the dangerously high levels of global public debt, which are expected to reach a new record. The IMF urges governments to generate sufficient revenue through taxation to meet their financial obligations. However, in the U.S., where debt has already reached 124% of GDP, both presidential candidates, Donald Trump and Kamala Harris, are promising tax cuts to voters. CGTN's Owen Fairclough reports.

 

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