(Bloomberg) —
South Africas debt levels will exceed 100% of gross domestic product in 2025 and rise to almost 114% before the end of the decade, according to a document presented by Finance Minister Tito Mboweni and seen by Bloomberg.
Mboweni made the presentation to the National Economic Development and Labour Council on Friday, according to posts on his Twitter and Facebook pages. It shows preliminary estimates of gross government debt climbing to 80.5% of gross domestic product in this fiscal year, compared with a projection of 65.6% in February. The trajectory presented doesnt show debt reaching a peak by 2028-29.
Mboweni is due to present a special supplementary budget on June 24, which will include the redirecting of 130 billion …
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