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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