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Critics say US plan can't fix debt gap
The President of the International Monetary Fund, Kristalina Georgieva, warned that the United States' plan to address its government debt through reliance on economic growth is insufficient. She confirmed that the federal deficit and public debt have reached very high levels, with US debt exceeding $40 trillion, amounting to over 100% of GDP. Given the current outlooks, they are inadequate to achieve the necessary fiscal adjustments quickly. She called for immediate financial measures to help reduce the debt and improve fiscal balance.
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