Mboweni - rising debt-to-GDP ratio is a serious concern

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Finance Minister Tito Mboweni warned in his mid-term budget that the upward trajectory of the debt-to GDP ration in South Africa is a serious concern. It is set to reach 60.2% in 2023/2024 and 60.1% the following year. He said the danger of talking about a debt trap is that it would lead people to think that South Africa can't manage its finances and may need assistance. - Linda van Tilburg

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