Challenges, Strategies and Solutions to Manage Public Debt in South Africa

Public Debt Management (PDM) is one of the crucial elements in the public sector and requires that government must be proactive about it in terms of management, administration, monitoring and evaluation. Debt/borrowing is an important source of funding to boost economic growth, reduce socio-economic...

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Bibliographic Details
Published inAfrican journal of public affairs Vol. 13; no. 1; pp. 27 - 53
Main Authors Fourie, D J, Blom, P P
Format Journal Article
LanguageEnglish
Published Hatfield African Consortium of Public Administration (ACPA) 01.06.2022
University of Pretoria, Economic and Management Sciences
Subjects
Debt management
Economic growth
Financial uncertainty
fiscal portfolio
Government
Loans
poverty
Public administration
Public debt
Public sector
Qualitative research
Research methodology
Socioeconomic factors
Strategies
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Summary:Public Debt Management (PDM) is one of the crucial elements in the public sector and requires that government must be proactive about it in terms of management, administration, monitoring and evaluation. Debt/borrowing is an important source of funding to boost economic growth, reduce socio-economic challenges and to pay off public debt. The article employs a qualitative research approach in terms of unobtrusive research methods (conceptual and documentary analysis). It focuses on the National Treasury’s challenges to mitigate and manage debt and provides the National Treasury strategies and mechanisms to manage and administer public debt in South Africa. The article found that the government must employ debt management strategies that will impact the debt in the short- medium- and long-term, rather than using one strategy to impact all three terms and that these strategies should aim to reduce/eliminate the debt burden with fiscal surplus, rather than being funded through loans.
ISSN:1997-7441
DOI:10.10520/ejc-ajpa_v13_n1_a3