Washington: The total U.S. public debt has reached a new record high of $37.9 trillion, marking an increase of $400 billion this month alone, equivalent to $25 billion per day. This historic figure is causing growing concerns among economists, policymakers, and citizens.

According to Yemen News Agency, since the debt ceiling was raised last July, the federal debt has surged by $1.7 trillion, reflecting an increase of more than $425 billion per month. If this trend persists, the total debt is projected to hit $40 trillion by 2026. This would result in a debt-to-GDP ratio of 124%, the highest since 2021 and nearing the record high set in 2020.

During the fall meetings in Washington, IMF Managing Director Kristalina Georgieva highlighted that the Fund will persist in urging the G20 to address the debt issues affecting emerging economies. High levels of debt limit governments' capacity to finance essential projects in infrastructure, education, and healthcare, while also leading to increased interest costs.

In the long run, this scenario could hinder economic growth and elevate the prices of everyday goods and services, even if citizens do not immediately perceive the effects.