Elon Musk at an event in Pennsylvania in support of candidate Donald Trump. Photo: Ryan Collerd/ AFP
The rapid growth of the US public debt could pose serious economic challenges both for the country itself and for the global economy, particularly for developing countries.
This was announced on 15 December by Elon Musk in his post on the X platform (formerly Twitter). According to the entrepreneur, the United States will face significant difficulties if the government does not take measures to reduce the budget deficit, which has reached $1.83 trillion as of today.
“America will have serious problems. This is no different from the situation of a person who is too deep in debt,” Musk warned.
These statements were followed by reports of the businessman’s possible participation in the administration of President-elect Donald Trump. According to the US media, Musk may head a special agency that will reform and improve the efficiency of the US government.
According to the US Treasury Department, the budget deficit in fiscal year 2024 increased by $138 billion compared to the previous year, setting a new record.
Against the backdrop of such indicators, experts warn of a potential negative impact on the global economy, especially on the financial stability of countries that depend on international aid and investment.
