Government debt servicing costs doubled

[Bianke Neethling]

Government debt servicing costs doubled

National Treasury saw a higher deficit, higher debt servicing costs, and lower revenue in April 2023 compared to a year earlier.

 

[Paul_S]

Yeah, giving yearly increases to a bloated public sector who are already over paid will kind of do that.
So will chasing away investors and your small tax base.

 

[Heisenborg]

More tax will solve this

 

[Gaz{M}]

Think of the cadres! How will they eat now?

 

[Sarg3_ZN]

Think of the cadres! How will they eat now?

They can all eat Gweezy. Should keep them nourished for a good decade or two.

 

[Mista_Mobsta]

Nobody to blame except themselves

I get this feeling they are trying to squeeze every single feed trough empty as they know their time is limited - it seems they are edging towards an economic scorched earth policy for SA

If the ANC can't have it, then they would rather see the economy burn and SA's people die

 

[Sinbad]

 

[borro]

More tax will solve this

yes we need it to fix electric

 

[Quicks]

Well with the union demanding 15% salary increase each year + huge perks +++. Who would have thought this would eventually happen. The bubble will burst!