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Burger et al. (2016) and Burger et al. (2020) have argued that South Africa is facing serious fiscal sustainability challenges. They argue that the expenditure
Burger et al. (2016) and Burger et al. (2020) have argued that South Africa is facing serious fiscal sustainability challenges. They argue that the expenditure to GDP ratio is beyond its optimal level. They also argue that government, in the past, has consolidated its fiscal accounts by under-spending on capital formation. Discuss the implications of these observations and the solution they propose. {All you need to do is read the abstracts, introduction and conclusion).
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