According to experts, growth in the economy over the last twenty years has been a disappointment, while the massive debt that the public sector has built up is causing the country a huge problem.
These are two findings of the Center for Development and Enterprise in a recent report.
The government’s inability to address the fiscal crisis and curtail the spending of government debt is currently causing the a financial crisis. Government debt of R3 trillion means that government debt is currently more than 60% of Gross Domestic Revenue.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News