Over the medium term, South Africa's debt-service costs will increase by 3.8 percentage points annually, a significant reduction from 7.4 percent growth projected amid in the 2025 Budget, this is according to Finance Minister Enoch Godongwana.
Tabling this year's Mid-Term Budget Policy Statement MTBPS to Parliament, in Cape Town, he said this is the first time since the 2008 financial crisis that public debt will not grow as a percentage of revenue.
Infographic by: Sibusiso Biyela
