Economics
Bailouts to Push South Africa’s Debt Ratio Above 70% of GDP
- Debt-to-GDP ratio could rise to 80.9% by 2028, Treasury warns
- Fiscal situation has deteriorated as tax revenue misses target
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South Africa’s government debt will top 70% of gross domestic product in the next three years and may continue rising after that as bailouts for state-owned companies boost spending, according to the National Treasury.