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Should the public sector (central government) borrow demostically or offshore

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dc.contributor.author Maleka DM en
dc.date.accessioned 2016-09-22T11:05:39Z
dc.date.available 2016-09-22T11:05:39Z
dc.date.created 1994 en
dc.date.submitted 1996 en
dc.identifier.uri http://hdl.handle.net/20.500.11892/105123
dc.description.abstract Discusses whether the public sector should borrow domestically or offshore. South African theories are on government debt are discussed. There are many indicators that can be used to determine an appropriate level of both domestic and foreign debt of a country. The following indicators have been identified as the most commonly used in the analysis of budget deficits: ratio of deficit before borrowing and debt repayment to GDP, ratio of government debt to GDP, ratio of interest payments to government expenditure, level of real interest rates relative to economic growth and the net asset value or net worth of the government. Over-reliance on domestic borrowing may mean high real interest rates and falling investment, and over-reliance on foreign borrowing can cause appreciating real exchange rates and unsuitable external indebtedness. On the international front, South Africa is underborrowed. In this regard, favour should go for more offshore borrowing. The current monetary policy makes domestic borrowing more costly. en
dc.language English en
dc.subject Economics en
dc.subject Government finances en
dc.title Should the public sector (central government) borrow demostically or offshore en
dc.type Masters degree en
dc.description.degree M Econ en

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