Reckless Spending, Rising Debt
Speaking on MoneyWeb with Jeremy Maggs, CDE executive director, Ann Bernstein argues spending need to be reviewed and inefficiencies curbed. She highlighted that South Africa has “recklessly spent more than we have over the last 15 years,” pushing debt-to-GDP to 75%, with debt repayment now the fastest-growing item in the national budget. This interview comes after the release of CDE’s latest short report, Dealing with the Budget Crisis: CDE recommendations