The International Monetary Fund (IMF) has warned that US debt levels could soon surpass those of Italy and Greece, Financial Times reported. The alarming prediction comes as Donald Trump’s administration announced massive tax cuts and increased defence spending under “One Big Beautiful Bill.”

The US has always kept its total debt below Italy and Greece. But new IMF data shows that by the end of the decade, Washington’s overall debt load will cross both countries, first time in this century.

IMF warns: US debt to go beyond Italy and Greece

According to IMF forecasts, the US is on track to see its debt-to-GDP ratio climb from 125% today to 143% by 2030, a level higher than Italy’s 137% and Greece’s expected 130%. While Italy and Greece have spent years trying to control public spending

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