WATCH: David Masondo on the medium-term budget
Deputy finance minister David Masondo talks to Business Day TV about growth predictions, debt and Eskom
Finance minister Tito Mboweni delivered the medium-term budget policy statement (MTBPS) on Wednesday, and tabled revisions for both growth and debt.
Growth is now expected to come in at 0.5% for 2019 while the debt-to-BDP ratio is now expected to climb to 71.3% in 2022/2023. The government had previously predicted it would peak at just more than 60% in 2023/2024.
Deputy finance minister David Masondo joined Business Day TV to discuss growth predictions, debt and Eskom.