# South Africa’s government debt has stabilised for the first time in nearly two decades, according to Finance minister Enoch Godongwana’s medium-term budget policy statement. Debt stood at 78.4-percent of gross domestic product in the 2025/2026 financial year. The National Treasury says stronger revenue collections and lower debt-servicing costs helped government perform better than expected. Godongwana says revenue and other receipts are now forecast to exceed February’s estimates by 54.1-billion-rand:
Budget: Government debt stabilises as Treasury reports stronger revenue [SOUND]
ENG GodongwanaOnStrongerRevenue