IMF warning for world’s public debt

12/4/2011 00:00:00

The International Monetary Fund is concerned about the public accounts worldwide. The Fiscal Monitor points out that "The risks to fiscal sustainability remain high, particularly because of "rising health care costs". The report points out that the average public debt in the advanced economies this year will amount to 101.6%, breaching the ceiling of 100% of GDP "for the first time since the end of World War II", while the funding requirements are "to historical records."

Download the complete text of Fiscal Monitor (in English)