Government borrowing to reach R175.8bn.

PRETORIA - Net government debt is expected to reach R1.28trn three years from now as the state faces a tradeoff between prudent financial planning and supporting the economy. The borrowing is expected to boost the public debt from 22.6% of gross domestic product (GDP) in 2008/9 to 41.1% of GDP by 2012/13. The table below shows how total government debt is expected to grow:

To finance the budget deficit, government borrowing is projected to reach R175.8bn in 2009/10, declining gradually to R145.1bn by 2012/13 (see table below). Treasury says that foreign debt remains a small share of government's debt because South Africa maintains deep and liquid domestic capital markets.

Write to Julius Cobbett: julius@moneyweb.co.za

Article tools

PRINT ARTICLE

SEND TO FRIEND

COMMENTS

  responses to this article

View disclaimer

ADD YOUR COMMENT

Name:
Surname:
Email:
Subject:
Comment:

if (theForm['attribute_1327'].value == '' || theForm['attribute_1327'].value == '0') { ccs.ugc.capture326165.addValidationError(326165,'Comment:',1327, 'is mandatory') };

View disclaimer

Services

	Subscribe to newsletters
	Feeds
	Become a Facebook fan
	Follow Moneyweb on twitter