IMF Projects Government Deficit to Remain at 7-7.5% of GDP

According to Jin10, the International Monetary Fund (IMF) has projected that the general government deficit is expected to remain within the range of 7% to 7.5% of GDP. Additionally, public debt is anticipated to exceed 140% of GDP by 2031. These projections highlight ongoing fiscal challenges and the potential for increased financial strain on government resources in the coming years.