30 Oct 2019
MTBPS 2019 highlights the unsustainability of the debt trajectory
By Janice Roberts
By Isaah Mhlanga, Executive Chief Economist at Alexander Forbes. Highlights Economic growth and inflation rates revised significantly lower. Tax revenue collection shortfall of R52bn in 2019/2020. Debt to GDP ratio rises above 70% over the medium term and continues to rise thereafter. Moody’s will likely change the outlook from stable to negative...