Finance Minister, Tito Mboweni will table the 2019/2020 financial year budget at a time of heightened anxiety about South Africa's economy. The numbers simply do not look good. Low growth projections, high unemployment (particularly amongst the youth), escalating inequality and a steady climb of debt-to-GDP with National Treasury worryingly forecasting this to reach almost 60% in 2023/24 - surely to trigger IMF and World Bank interventions.
The resultant consequence has been the regressive increase in debt servicing costs which now stands at R180 billion annually.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article