According to ChainCatcher, the International Monetary Fund (IMF) warns that the Trump tax bill could complicate efforts to reduce 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 significantly cut the debt-to-GDP ratio. Kozack pointed out that the bill seems to contradict the goal of reducing debt in the medium term. According to data from the Congressional Budget Office, the bill will increase the deficit by $3.3 trillion.

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