NATIONAL ASSEMBLY
QUESTION FOR WRITTEN REPLY
QUESTION NUMBER: 461 [NW540E]
DATE OF PUBLICATION: 11 JULY 2014
461. Mr M G P Lekota (Cope) to ask the Minister of Finance:
Whether the Government has a clear plan to meet all its commitments in
respect of the national debt that will be due in the 2016-17 financial
year; if not, why not; if so, what are the relevant details?
NW540E
REPLY:
The Government has a clear plan to meet all its commitments in respect
of the national debt due in the 2016/17 financial year. The plan is
set out in the 2014 Budget Review. Issuance of long-term loans in the
domestic market will be marginally increased to refinance redeeming
debt. Furthermore, government will consider reducing the amount of
debt due in 2016/17 by exchanging it for longer-term debt before the
maturity date as part of governmentâs ongoing bond switch programme to
reduce refinancing risk as market conditions permit.