ACDP concerned over South Africa’s budget deficit

The ACDP has expressed concerns about South Africa's budget deficit. The party expects it to reach 5% of GDP in the 2024/25 financial year, resulting in a gross loan debt of 75.5% of GDP by 2025/26. This fiscal slippage could lead to escalating debt service costs, crowding out essential budget items. To discuss this further, Elvis Presslin spoke to ACDP MP, Parliamentary Whip and Member of Parliament's Standing Committee on Finance, Steve Swart