A financial analyst pointed to the inevitability of a default in the US due to rising government debt

The U.S. national debt will increase, which threatens the country with default. Financial analyst Vladimir Levchenko told Izvestia on December 12.

He said that the U.S. government debt will continue to grow. According to him, Washington has no options but default. The country keeps raising the state debt ceiling.

"It is becoming more and more difficult for them to service and finance the debt. This year, America has found itself in a situation where the size of the national debt grows in one calendar year by an amount that already exceeds annual U.S. budget revenues. This is already the point of no return," the analyst warned.

As the expert pointed out, devaluation will not help the state in any way, because it will also lead to default.

"They will then need to devalue the dollar, launch hyperinflation and at the same time keep artificially low interest rates. If they try to do that, it means that just everybody, including Americans themselves, will flee from their debt, their assets. The economy will collapse, and it will lead to default anyway," Levchenko emphasized.

It is necessary to improve economic efficiency, which the U.S. does not want to do, they are used to living at other people's expense, he concluded.

Earlier, on December 6, American businessman Ilon Musk said that the increase in the public debt of the United States threatens the country with bankruptcy.

On November 23, the U.S. Treasury Department published data that reported that the U.S. public debt for the first time in history exceeded the mark of $ 36 trillion. On the same day, Musk also stated that the United States is approaching bankruptcy.

Specialists of the International Monetary Fund (IMF) called the growth of the U.S. national debt a threat to the world economy. Thus, by 2032, the country's national debt may exceed 140% of GDP. The IMF urged American politicians to carefully consider the issue of increasing indirect taxes and gradual increase in income tax.