R1 for every R5 raised by South Africa goes towards government debt

[BusinessTech]

R1 for every R5 raised by South Africa goes towards government debt

South Africa is currently spending R303 billion annually to service debt, and this expenditure could increase to as much as R1 trillion over the next three years, says the National Treasury.

 

[LCBXX]

Keep voting ANC people. Our children's children have too little debt.

 

[chrisc]

I was sure it was more

In Argentina in 1989, 91% of the state revenue was used to pay debt. Then they defaulted, having defaulted 6 times since 1880

 

[Creag]

Darkness falls on the shire.

 

[ShaunSA]

Darkness falls on the shire.

The shire can burn cos the hobbits don't learn

 

[Arthur]

Wish the article clearly said public ie government debt, and the money "raised by South Africa" actually means "raised in taxes by the South African government".

 

[BBSA]

This is how the comrades roll.