Government debt could increase by more than 50%, or by R1.2 trillion, to danger levels over the four fiscal years ending March 2021 and if this comes to bear it could ultimately lead the country to seek international help from organisations like the International Monetary Fund (IMF).
Finance Minister Malusi Gigaba today presented his first Medium Term Budgetary Policy Statement (MTBPS) to parliament. He was appointed as finance minister on March 31 after President Jacob Zuma reshuffled his Cabinet and fired Pravin Gordhan.
The MTBPS is a key fiscal statement and provides fiscal forecasts over a three-year time frame including estimated economic g…
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