On October 15, local time, the International Monetary Fund (IMF) released the latest issue of the Financial Monitoring Report. The report pointed out that by 2029, global public debt is expected to exceed 100% of global GDP, reaching the highest level since 1948. The IMF warned that if current trends in fiscal spending and debt growth are not curbed, global financial stability may face serious threats. The report calls on countries to adjust fiscal structures, improve spending efficiency, and build buffers for possible shocks in advance.

The IMF calls on countries to be more forward-looking in fiscal policies, adjust expenditure structures, improve efficiency, and enhance fiscal resilience to cope with future uncertainties and potential shocks. The report particularly emphasizes that investing more fiscal resources in growth-friendly areas such as education and infrastructure, and improving tax mobilization capabilities will be the key to stabilizing debt levels and consolidating the foundation for growth. (CCTV reporter Xu Tao)