JOHANNESBURG, Oct 27 (Bernama-Xinhua) -- South African President Cyril Ramaphosa on Monday welcomed progress in restoring the country's public finances, saying public debt had stabilised for the first time in nearly two decades, reported Xinhua.
World : South African President Says Public Debt Stabilised
south africa, public spending, stabilise, ramaphos
BE Bernama 
Key takeaways
South African President Cyril Ramaphosa stated that public debt has stabilized for the first time in nearly two decades, following the release of the 2026 Medium-Term Budget Policy Statement. He noted that this fiscal improvement will enable reduced borrowing costs and increased infrastructure investment, although high unemployment and household financial pressures persist.
- South Africa's debt-to-GDP ratio stabilized at 78.4 percent in the 2025/2026 fiscal year.
- The primary budget surplus is projected to rise from 1.7 percent to nearly 3 percent of GDP by 2030.
- Rationalizing low-priority programs identified over 11 billion rand in potential medium-term savings.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
Read the full story on Bernama That's the opening of the story. The full piece is published by Bernama.
Continue reading ↗ Story details
- Published
- Section
- news
- Format
- Article
- Original
- bernama.com ↗
Related reporting
4 stories on this topic from 4 sources, oldest first.
- Free Malaysia Today South African writer defends AI-assisted output of 370 books
- Bernama World : South African President Says Public Debt Stabilised (this story)
