# National Treasury director-general Duncan Pieterse says South Africa remains on course to meet its fiscal targets, despite the economic uncertainty caused by the ongoing Middle East conflict. The country’s debt-to-gross domestic product ratio stabilised in February for the first time since before the 2008 global financial crisis and is expected to decrease to 76.5-percent by 2028/2029. Pieterse says recent assessments by credit rating agencies Moody’s and Standard and Poor’s have reinforced confidence in South Africa’s fiscal trajectory. He adds that government can meet both its fiscal consolidation targets and structural reform commitments.
National Treasury director-general says SA is on track to meet its fiscal targets