IMF warns of alarming global debt levels

World Today

The International Monetary Fund (IMF) has raised concerns about the dangerously high levels of global public debt, which are expected to reach a new record. The IMF urges governments to generate sufficient revenue through taxation to meet their financial obligations. However, in the U.S., where debt has already reached 124% of GDP, both presidential candidates, Donald Trump and Kamala Harris, are promising tax cuts to voters. CGTN’s Owen Fairclough reports.