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For your information, you can find below the description of the video South Africa Budget: Debt Will Peak at 75.3% GDP published by the Youtube channel Bloomberg Television:
The South African Treasury will introduce a reform of the Gold and Foreign Exchange Contingency Reserve Account, known as GFECRA. "Taken together, even with the spending increases I will announce later, the national government gross borrowing requirement will decline, from R457.7 billion in 2024/25 to R428.5 billion in 2026/27," Finance Minister Enoch Godongwana said in the annual budget.
Read more: https://www.bloomberg.com/news/articles/2024-02-21/south-africa-goes-for-gold-taps-reserves-to-curb-runaway-debt