,Chapter 17: Public debt
and debt management
, Learning outcomes
• Define public debt
• Describe salient characteristics of the size, composition and
of public debt in South Africa
• Explain and critically compare different theories of public de
• Explain the rationale for borrowing versus taxation when fu
government expenditure
• Define public debt management
• Identify and describe the different types of public debt cost
• Identify the goals of public debt management and discuss th
pursuance, with special reference to South Africa
3
and debt management
, Learning outcomes
• Define public debt
• Describe salient characteristics of the size, composition and
of public debt in South Africa
• Explain and critically compare different theories of public de
• Explain the rationale for borrowing versus taxation when fu
government expenditure
• Define public debt management
• Identify and describe the different types of public debt cost
• Identify the goals of public debt management and discuss th
pursuance, with special reference to South Africa
3
