SA government debt of R3 trillion of major concern

Die Vryburger

SA government debt of R3 trillion of major concern
SA government debt of R3 trillion of major concern

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

A payment of R100 per second, South Africa would need 1000 years to pay its debt

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