With the Medium Term Expenditure Framework (MTEF) cycle coming to an end, and a new Minister of Finance, we expect a similar programme rolled over on a similar basis, albeit a more stringent budget.
The challenge now should be on full implementation and adhering to whatever new MTEF targets for the next three years are rolled out, according to which debt is expected to increase to above 30 percent of the GDP threshold. On a sub-Saharan perspective, this is still relatively low but we believe there is not much further scope.
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