Does South Africa's government debt threaten the sustainability of fiscal policy?

Biggs, Michael Llewellyn

Does South Africa's government debt threaten the sustainability of fiscal policy?

Master Thesis

1996

Publisher

University of Cape Town

Department

School of Economics

Faculty

Faculty of Commerce

Abstract

The South African government debt has risen alarmingly over the last decade, with the debt-to-GDP ratio increasing from 33% in 1985 to 57% in 1995. These debt movements, combined with historically high conventional deficits equal to 9.0% and 9.8% of GDP in 1993 and 1994 respectively, have cast doubt on the solvency of government. This paper considers the issue of government solvency by focusing on two questions. Firstly, "Are present fiscal policies sustainable?", and secondly, "What are the limits to future fiscal policy if government solvency is to be maintained?"

Description

Bibliography: leaves 77-80.

Keywords

Economics

Reference:

Collections

Masters

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