CoinVoice has recently learned that the International Monetary Fund (IMF) has warned that the upcoming Trump tax bill may complicate the task of reducing fiscal deficits and debt burdens in the coming years. IMF spokesperson Julie Kozack stated that the U.S. needs to gradually reduce public borrowing to begin significantly cutting the debt-to-GDP ratio, which is an important measure of debt sustainability. Kozack said, "The bill seems to contradict the goal of reducing debt in the medium term." The IMF typically defines "medium term" as three to five years. According to data from the Congressional Budget Office, the bill would increase the deficit by $3.3 trillion. (Jin10)

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