Global public debt likely to touch 98% of GDP in 2020 amid COVID crisis: IMF

Global public debt is estimated to touch 98 per cent of GDP at the end of 2020, International Monetary Fund said on Thursday in its latest fiscal monitor update, according to which India's government debt is expected to remain elevated at 83 per cent of GDP. The COVID-19 pandemic has posed a severe challenge to public finances, the report said noting that the contraction in output and ensuing fall in revenues.