09
Apr
Hertta-Maria Amutenja The country’s rising budget deficit and public debt levels pose long-term threats to economic growth and investor confidence. According to Simonis Storm economist Almandro Jansen, the country’s growing debt is increasingly limiting the government’s ability to invest in critical sectors such as infrastructure, education, and health. “The most immediate concern is that public debt is increasingly crowding out development spending, with interest payments now exceeding even capital allocations. This limits the state’s ability to invest in infrastructure, education, and health, all critical enablers of long-term growth,” he said. Jansen added that the persistent fiscal slippage risks weakening the…