Congressional Budget Office: Expected US public debt to reach 99.9% of GDP by 2025

According to BlockBeats, on January 18th, the Congressional Budget Office (CBO) of the United States projected a budget deficit of $1.865 trillion for fiscal year 2025 and $1.832 trillion for fiscal year 2024. According to current laws, it is expected that the US public debt will reach 99.9% of GDP by 2025 and rise to 118.5% in fiscal year 2035. It is expected that the actual GDP growth rate in the United States will be 1.9% in 2025, which is lower than the 2.0% forecast in June. The average annual growth rate between 2024 and 2034 is expected to be 1.9%. (Golden Ten)