President’s advisory council warns debt targets will not be met amid Covid fallout
Spending cuts could retard growth and have other adverse consequences, says president’s Economic Advisory Council report
12 October 2020 - 22:25
SA will not be able to meet the finance ministry’s debt targets and it may be undesirable for it to attempt to do so at a time when the economy is being battered by the fallout from the coronavirus, according to an advisory panel appointed by President Cyril Ramaphosa.
In a more than 100-page document advising the government on an economic recovery programme that Ramaphosa is due to unveil on October 15, the president’s Economic Advisory Council said spending cuts could retard growth and have other adverse consequences...
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