South Africa needs more decisive efforts to cut spending and reduce its debt to gross domestic product ratio, which is expected to reach almost 86% by 2029, up from 74% in 2022, a senior International Monetary Fund official said on Wednesday.
Fiscal Affairs deputy director Era Dabla-Norris said it could reduce transfers to state-owned enterprises, rationalize untargeted subsidies and undertake ambitious structural reforms to bolster growth.
The immediate priority was for South Africa to resolve its energy and logistics crisis, she told a news conference.
Reuters
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