US debt rose over $406 billion since Iran war began US debt to surpass 120% of GDP by 2027: Fitch
ECONEWS – Fitch Ratings has projected US general government debt will breach 120% of GDP by next year, with the federal deficit holding at 7.9% of GDP for both 2026 and 2027, the agency warned.
Econews, in a report citing MNA, International ratings agency Fitch Ratings projects the US state debt to top 120% of the country’s GDP by 2027.
"We expect a general government (GG) deficit of 7.9% of GDP this year and next, pushing already high GG debt above 120% by next year in our baseline," the report says.
At this point, the US state debt burden exceeds $39.1 trillion, which is over $114,000 per citizen of the country.
US debt rose over $406 billion since Iran war began 
War with Iran drains US economy, hits ordinary citizens hardest 
Iran's naval blockade has no legal logic, main goal is pressure on China: economic expert 
Ball in Washington’s court as US reviews Iran’s proposal to end war 
Trump admitted to ‘piracy’ in Persian Gulf: Iran Foreign Ministry spox 
Iran reviewing US response to 14-point plan: spox 
$25bn or $1tn? Hidden price tag of America’s war on Iran Comment
