IMF forecasts global debt reaching 100% of GDP in 2029
By the AFREEQUE newsroom, based on Ang
Global public debt, estimated at 94% of GDP in 2025, could reach 100% in 2029, according to the International Monetary Fund. Rodrigo Valdés, director of the Fiscal Affairs Department, is calling on governments to accelerate fiscal consolidation amid rising interest and social and military spending.
Global public debt, which represented 94% of gross domestic product in 2025, is expected to reach 100% of GDP in 2029. Analysts from the International Monetary Fund (IMF) presented this forecast on Wednesday 14 October 2026 at a conference devoted to the Fiscal Monitor report, according to ANG.
The IMF is calling on governments to accelerate fiscal consolidation and undertake tax reforms. The organisation is also criticising blanket fuel subsidies, while social, military and strategic-priority spending is increasing pressure on public finances, ANG reports.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
