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SA committed to prudent fiscal policy - Finance Minister

Minister Nhlanhla Nene said that pursuing a fiscal policy that will stabilise the country's debt to GDP is part of government's intention.

FILE: Nhlanhla Nene. Picture: GCIS.

JOHANNESBURG - South Africa is committed to a prudent fiscal policy aimed at stabilising its debt to GDP ratio, Finance Minister Nhlanhla Nene said on Thursday.

“Cabinet has agreed that fiscal sustainability must remain the focus,” Nene told a Moody’s conference by video link.

“It is government’s intention to pursue a prudent fiscal policy that stabilises our debt to GDP ratio in the long term.”

WATCH: Nhlanhla Nene addresses Moody's Sub-Saharan Africa Conference