Transcription of Government’s borrowing requirement and other obligations
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7. government 's borrowing requirement and other obligations In brief government 's gross borrowing requirement is expected to be billion in 2016 /17, increasing to billion in 2019/20. Debt-service costs are estimated to be billion in 2016 /17, or per cent of GDP, increasing to billion, or per cent of GDP in 2019/20. Deep and liquid domestic capital markets will remain the main source of borrowing . Despite volatile market conditions, debt remains within strategic risk benchmarks. Eskom, independent power producers and the Road Accident Fund account for the majority of government 's contingent liabilities.
81 7 Government’s borrowing requirement and other obligations In brief • Government’s gross borrowing requirement is expected to be R243.4 billion in 2016/17,
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