WASHINGTON : Global public debt is estimated to touch 98% 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% 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, along with emergency lifelines, boosted government deficits and debts beyond levels recorded during the global financial crisis.Vitor Gaspar, Director of the IMF's Fiscal Affairs Department told reporters that the government revenue declined everywhere, public debt jumped up to 98% compared with 84% before COVID-19."From 2021 onwards debt.