Experts do not expect a default in the United States because of the record national debt of $ 37 trillion

The US national debt has crossed the $37 trillion mark and set a new record. However, this does not mean that the country will soon default, analysts interviewed by Izvestia are sure.

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"The increase in debt reflects long—term financial imbalances, but does not indicate a shortage of funds - investors continue to actively purchase US government bonds, and demand for them remains stable. The problem lies not in financing, but in the legislative restriction on the growth of borrowings," believes Sergey Potapov, senior analyst at BCS World of Investments.

Now the new American president, Donald Trump, is trying his best to support the economy. In an attempt to increase the revenue component of the US budget, he introduced protective duties and started a new round of trade wars, said independent expert Andrei Barkhota. At the same time, the refusal to set a new ceiling is part of his election rhetoric.

A default in the US is still unlikely. In particular, the US dollar remains the main global reserve currency, which ensures steady demand for government bonds of this country, since investors are not afraid that the exchange rate will fall, said Elmira Assiaeva, Associate professor of the Department of Global Financial Markets and Fintech at Plekhanov Russian University of Economics.

In addition, the U.S. Congress has historically always found a compromise to raise the debt ceiling at a critical time for the country, she added. At the same time, long—term risks remain - the growing debt burden increases vulnerability to external shocks.

Read more in the exclusive Izvestia article:

Stretch ceiling: will there be a default in the United States due to the record national debt of $37 trillion