The shrinking tax base and growing public expenditure heightens the possibility of the country falling into a debt trap, he says.
Dr Cronje also assesses the validity of the ‘Second Wave’ thesis and the consequences for the global economy.
The shrinking tax base and growing public expenditure heightens the possibility of the country falling into a debt trap, he says.
Dr Cronje also assesses the validity of the ‘Second Wave’ thesis and the consequences for the global economy.