Presidency | South Africa 🇿🇦

@PresidencyZA ↗

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Last Checked June 13, 2021

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Thu Aug 27 13:58:59 +0000 2020

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Presidency | South Africa 🇿🇦 @PresidencyZA

President #Ramaphosa: Debt would stabilise at around 87.4 percent of GDP, after which it would gradually decline. The active scenario prevents debt service costs from continuing to rise faster than all other items of spending for the foreseeable future. #RamaphosaQandA — PolitiTweet.org

Posted Aug. 27, 2020 Hibernated

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Presidency | South Africa 🇿🇦 @PresidencyZA

President #Ramaphosa: Under the ‘active’ scenario, which requires a programme of fiscal restraint, we anticipate a small surplus in the primary balance – which is the difference between non-interest spending and revenue – in 2023/24. #RamaphosaQandA — PolitiTweet.org

Posted Aug. 27, 2020 Hibernated

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Presidency | South Africa 🇿🇦 @PresidencyZA

President #Ramaphosa: In this way, it prevents an outcome where South Africa’s debt costs are higher than all other expenditure, a sovereign debt crisis causes investors to leave the country, and the country has to seek large bailouts from official lenders. #RamaphosaQandA — PolitiTweet.org

Posted Aug. 27, 2020 Hibernated