WATCH: IMF warns cost of government debt could soar by 2028
Business Day TV speaks to Hilary Joffe, Business Day’s editor-at-large
05 September 2023 - 18:04
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IMF first deputy MD Gita Gopinath speaks at an SA Reserve Bank conference in Cape Town on September 1 2023. Picture: ESA ALEXANDER/REUTERS
The IMF has warned that SA’s interest bill on its growing public debt could triple the size of its health budget within five years, and it projects that the cost of the government’s debt will rise from 19% to 27% by 2028.
Still, the IMF assesses SA’s risk of debt distress as “moderate” thanks to its robust financial markets and strong monetary policy. Business Day TV speaks to Hilary Joffe, Business Day’s editor-at-large for further insights from the Washington-based institution.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
NEWS LEADER
WATCH: IMF warns cost of government debt could soar by 2028
Business Day TV speaks to Hilary Joffe, Business Day’s editor-at-large
The IMF has warned that SA’s interest bill on its growing public debt could triple the size of its health budget within five years, and it projects that the cost of the government’s debt will rise from 19% to 27% by 2028.
Still, the IMF assesses SA’s risk of debt distress as “moderate” thanks to its robust financial markets and strong monetary policy. Business Day TV speaks to Hilary Joffe, Business Day’s editor-at-large for further insights from the Washington-based institution.
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