South Africa sees debt topping 100% of GDP in 2025Christian Fernsby ▼ | June 22, 2020
South Africa’s 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.
GDP South Africa street
Topics: South Africa GDP
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 doesn’t show debt reaching a peak by 2028-29. ■