The national debt of the USA has exceeded 32 trillion dollars

National debt of United States (USA) This Friday exceeded 32 trillion dollars, which is the highest figure in its history, according to data collected on the website of the US Department of the Treasury.

The data is known a few weeks after US Congress reach an agreement to suspend the debt ceiling – the amount of money a country can legally borrow – amid fierce debate over state fiscal sustainability.

The agreement prevented NOW enter into a suspension of payments, which would have a strong impact on the global economy, in exchange for limiting public spending to 2022 levels.

Government Accountability Office (GAO)an independent body that advises the US Congress, recently indicated that the public debt for the fiscal year 2022 was 97% of gross domestic product (GDP), thanks to the reduction of the federal deficit of 50% that occurred over the past year. .

The amount of public debt is slightly less than the total debt, since it includes only money that is Government owes to individuals and non-governmental organizations.

However, in the same report, the bureau warns that the country is on an unsustainable fiscal path, something that both Democrats and Republicans agree on – albeit with different proposals for a solution.

This Friday, Peter G. Petersen Foundationa group founded by billionaires that provides economic analysis and advice, noted that the total debt of the United States is higher than it is worth economies of China, GermanyJapan and the UK together.

The group believes that the constant increase in debt “threatens the economic future” of the country, and emphasizes that the American economy it was already on an unsustainable path before the pandemic, which accelerated the process.

In this sense, the newspaper The New York Times He emphasized that the figure of 32 trillion was reached nine years earlier than predicted before the pandemic.

The biggest costs of the US government These are social security, health, economic aid and defense.