The cost of servicing our debt is eating our future

The medium-term budget policy statement (the so-called "mini budget") should be a wake-up call. It shows how unsustainable our current trajectory is: debt is rising, growth is falling, and there is no real plan to get the government's finances under control. "Hope," as finance minister Mboweni said, "is not a strategy." Unhelpfully, the mini budget provided neither.