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
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. ..