March 5, 2021
(Read 2 minutes)
(Teleforza) – The US Public Debt Can Will double in the next 30 years, Reaches a position202% of GDP by 2051, Due to the effects of the increase Federal costs The financial crisis of 2008 and the epidemic crisis of 2019 are linked to two crises – low interest loans and an increase in spending on the social security program and medical care. This is it CPO – Budget Office of Congress, Independent Organization of Capitol Hill.
Given Expenditure obligations were carried out, Production will continue, including the recently approved Python 9 9,950 billion anti-epidemic program Long-term effects – It is emphasized – so the economic recovery will bring with it a Increase in interest rates And as a result there is an explosion in spending, deficits and an increase in debt.
The Lack, Is expected to reach 10.3% of GDP by 2021 due to the high cost associated with the epidemic, which should be reduced to an early averagel 4.4% during the period 2022-2031, And then go back to average 7.9% during the period 2032-2041 Ed All ‘11.5% in subsequent years, Touch a peak 13.3% in 2051.
The cost of interest to respond to it Economic recovery and rising interest rates. In fact, the CPO predicts revenue Treasury DecadeI will be averaging 1.6% over the period 2021-2025 3% during the period 2026-2031 And rising 4.9% by 2051.
Due to higher deficit and increase in interest expenses, public debt will follow the trend of increasing from 102% in 2021 to 202% in 2051.