Clear signs of SA’s deteriorating finances writ large in medium-term budget
Tito Mboweni’s budget revealed the full picture of revenue shortfalls, spending pressure on SOEs and ballooning government debt levels
30 October 2019 - 15:10
Ominous warning signs that the country’s finances have sharply deteriorated were cemented in finance minister Tito Mboweni’s medium-term budget policy statement (MTBPS) on Wednesday.
It revealed deep revenue shortfalls, continued spending pressure on state-owned entities (SOEs) and ballooning government debt levels in the coming years.
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