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S.Africa says rising debt, welfare spend sustainable

August 21, 2012 Comments Off on S.Africa says rising debt, welfare spend sustainable

August 21, 2012, 11:30 am

JOHANNESBURG (Reuters) – Despite rising debt levels and increased social spending, South Africa is on a sustainable fiscal path, Deputy Finance Minister Nhlanhla Nene said in a speech sent by email on Tuesday.
Social expenditures, which include assistance grants and…

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