IMF warns: Trump tax bill could exacerbate U.S. fiscal deficit and debt burden problems
Online reports that the International Monetary Fund (IMF) warned that the upcoming Trump tax bill could further complicate the task of reducing fiscal deficits and debt burdens in coming years. IMF spokeswoman Julie Kozack said that the United States needs to gradually reduce public borrowing and begin to significantly reduce its debt-to-GDP ratio, which is also an important criterion for measuring debt sustainability. "The case appears to contradict the goal of reducing debt in the medium term," Kozack said. The IMF usually defines the "medium term" as three to five years. According to the Congressional Budget Office, the bill would add $3.3 trillion to the deficit.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.