HILARY JOFFE: Spiralling debt and fiscal profligacy make for spending curb
07 September 2023 - 05:00
Monetary policy-makers and economists who met in Cape Town last week spent a lot of time talking about fiscal policy. It was a reflection of the extent to which this has become an issue for central bankers in advanced economies and emerging markets in the post-Covid period.
And SA’s own growing budgetary and borrowing woes raise questions all of their own — which no doubt is why the Reserve Bank devoted a special session to SA at the conference that it hosts every second year. ..
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