US Media: US Debt-to-GDP Ratio Breaks 100%
As of March 31, public-held debt in the United States reached $31.265 trillion, slightly exceeding the previous year's GDP of $31.216 trillion, pushing the debt-to-GDP ratio to 100.2%, up from 99.5% at the end of the prior fiscal year.
The crossing of this symbolic threshold underscores the growing fiscal pressure in the United States, with the ratio expected to continue rising in the future, as the federal government maintains historically high annual deficits approaching 6% of GDP—meaning the government spends $1.33 for every dollar it collects.
Original Source: toutiao.com/article/1863909757347911/
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