INSUBCONTINENT EXCLUSIVE:
the country in a fiscal league typically occupied by advanced economies like the U.S
The country now trails only China, Egypt, and Ukraine among emerging markets in debt burden.Unlike peers averaging 70.8% debt-to-GDP in
the emerging-market average
Crisis Mirrors Advanced Economies as IMF Projects 100% Debt-to-GDP by 2029
Structural issues like tax expenditures exceeding 7% of GDP and inefficient revenue collection exacerbate the strain.Divergent accounting
methods mask the severity domestically
these liabilities.Either way, debt is rising faster than GDP, which the IMF now expects to grow just 2% annually through 2026
(53% of GDP by 2029) and Colombia (58.4%), with only Venezuela faring worse
Italy.For a developing economy, such debt levels are unprecedented and unsustainable
