The US national debt in 2024 will exceed 123% of the country’s GDP and will continue to grow over the coming years, reaching a level of almost 134% in 2029, according to the updated forecast of the International Monetary Fund (IMF), Report informs.

The total US government debt will rise to 123.3% of GDP in 2024, up from 122.1% in 2023, according to a document released on April 17.