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JOHANNESBURG – The International Monetary Fund on Monday Kept South Africa's economic growth forecast for 2018 unchanged at 1.5 percent but warned that the economy faces several headwinds, mainly the rapid rise in public debt and potential bailouts to state firms.
" The IMF's concerns on fiscal policy relates to the growth of public debt as a share of GDP, which has doubled over the last decade, depleting fiscal buffers and constraining fiscal policy space, National Treasury said in a statement quoting the IMF's Article IV statement
"Risks related to potential SOE's (state-owned enterprises) will be more constrained fiscal policy."
South Africa is more than 55% of it GDP to IMF.that why Ramaphosa is avoiding to borrow again instead of paying them back beginning to understand that freebies
– sboniso shange (@ sbonisoshange3)
July 30, 2018
Bricks was a huge success President of China with the help of the United States of America and the United States. with stringent conditions for lawn, Bricks is the future
– Enoch Mthembu (@EnochMthembu)
July 29, 2018
– REUTERS
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