The US needs to repay the debt Before creating a state -owned fund, the US President said today (15.5.2025) Donald Trumpsignaling a possible shift in his plans to create such a fund within one year.
“I will first repay the debt and then make the fund after debt has been repaid,” Donald Trump told Doha during a press conference. The Republican signed a decree in February to establish a state -owned fund within one year. He had previously stated that the revenue from import tariffs could be the basis for a state -owned fund.
US debt is currently in 36.2 trillion. dollarsaccording to the Ministry of Finance, above the 36.1 trillion threshold. dollars set in January by Congress.
Usually state -owned funds are based on a country’s fiscal surplus to invest, but the US is operating in a deficit. Creating such a US fund would also require Congress approval.
“You know, they have no debt,” he said, referring to the Gulf District, where some of the largest state -owned funds in the world are located. “It’s nice to have the fund. I say to the Minister of Commerce Howard Latnik, it’s a little early because we have a debt. “