Bessent says US will unveil comprehensive fiscal plan as global imbalances weigh on growth

  • Bessent said the United States will introduce a comprehensive fiscal plan.
  • Global imbalances caused by some countries are weakening growth in other regions.
  • Bessent said G20 ministers seek higher growth but necessary measures remain uncertain.

The United States will introduce a comprehensive fiscal plan, U.S. Treasury Secretary Bessent said, while warning that imbalances created by some countries are weakening growth in other regions. G20 ministers want stronger growth, but it remains unclear whether governments will adopt the required measures. Bessent said Washington has continued discussing G20 imbalances, expects countries to work with the United States on Iran-related issues and believes Japan is taking appropriate economic steps.

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