FISCUS
Big business sounds the alarm over escalating cost of SA debt
CEO Cas Coovadia warns that SA’s fiscal position is tight
23 August 2022 - 05:10
Higher-than-expected debt service costs will add at least R9bn to government spending this year, adding to a range of fiscal pressures that will mean less money is available for social programmes and infrastructure spending, organised business has warned.
Business Unity SA (Busa) was addressing a budget planning dialogue last week at the National Economic Development and Labour Council (Nedlac), ahead of the medium-term budget statement on October 26...
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