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Government Debt and contingent liabilities

Government Debt and contingent liabilities

Over the past year, government’s gross borrowing requirement has risen by R71.9 billion to R407.3 billion. Government has financed this steep increase in a responsible manner, despite a deteriorating fiscal position resulting from weak economic growth and the precarious finances of state-owned companies. Deep and liquid domestic capital markets remain the primary source of financing over the next three years. [...]