Govt taking deliberate steps to restore fiscal discipline, stabilise debt: Masondo

DEPUTY Finance Minister David Masondo has assured investors that government is taking “deliberate steps” to restore fiscal discipline and stabilise debt.

- SIPHELELE DLUDLA

The country's debt-to-GDP ratio is projected to stabilise at 77.4% of gross domestic product (GDP) this financial year, before declining to 74.4% by the end of the decade in 2029/30.

Speaking at the RMB Morgan Stanley Investor Conference on Monday, Masondo said fiscal sustainability remains at the heart of government's economic agenda.

Masondo said when the Finance Minister Enoch Godongwana delivers the Medium-Term Budget Policy Statement (MTBPS) in November, he will provide an update on this trajectory.