US national debt exceeds $36 trillion — US Debt Clock service statistics

Business & Economy November 15, 16:03

Earlier, Republicans criticized US President Joe Biden for his policies, which, in their opinion, led to an increase in the national debt

NEW YORK, November 15. /TASS/. The US national debt has exceeded $36 trillion for the first time in history, according to statistics from the US Debt Clock service.

The service's database shows $36 trillion in the "total national debt" column as of November 15. This is a record figure. In early January, it exceeded $34 trillion.

Earlier, Republicans criticized US President Joe Biden for his policies, which, in their opinion, led to an increase in the national debt.

In June, the IMF in its report on the results of the review of the US economy stressed that the country needs to urgently address the problem of national debt, which by 2032 will amount to 140% of GDP. The IMF said that the continued growth of the public debt-to-GDP ratio must be urgently halted.

"Such high deficits and debt create a growing risk to the U.S. and global economy, potentially feeding into higher fiscal financing costs and a growing risk to the smooth rollover of maturing obligations," the Fund said.

According to forecasts by the Congressional Budget Office, the national debt in 2034 will exceed $50 trillion (122% of GDP). According to the office's estimate, the average annual GDP growth in 2029-2034 will be 1.8%.

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