The DA says it is optimistic that the Medium-Term Budget Policy Statement MTBPS will allow for measures to be put in place to enhance economic growth and promote job creation.
Finance Minister Enoch Godongwana, will later today table the first mini-budget since the election and the formation of the Government of National Unity.
DA spokesperson Willie Aucamp says rising debt-serving costs must be reduced significantly to send a positive signal to markets and investors.
More than R20 out of every R100 government spends goes to interest and debt servicing instead of service delivery. We need to have a higher level of debt repayment. Debt to GDP ratio has increased from 28 15 years ago to where we are currently at 75. This needs to be reduced for us to have any chance to grow the economy and signal to investors that we are credit worthy.
Aucamp says the DA hopes that within the Government of National Unity, various plans will be implemented to unlock areas in which there is stagnation.
