TASS5/1/2026Politics1 min readRussia
Fitch Ratings Projects US State Debt to Top 120% of GDP by 2027
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- Fitch Ratings projects US general government debt to exceed 120% of GDP by 2027, with a deficit of 7.9% of GDP expected this year and next.
- The current US state debt burden exceeds $39.1 trillion, representing over $114,000 per citizen.
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NEW YORK, May 1. /TASS/. International ratings agency Fitch Ratings projects the US state debt to top 120% of the country's GDP by 2027. "We expect a general government (GG) deficit of 7.9% of GDP this year and next, pushing already high GG debt above 120% by next year in our baseline," the report says. At this point, the US state debt burden exceeds $39.1 trillion, which is over $114,000 per each citizen of the country.
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This article was originally published by TASS.
