DA proposes fiscal rule to rein in government debt
The tabling of a private member’s bill to control debt comes ahead of finance minister Tito Mboweni’s budget speech on Wednesday
24 February 2020 - 13:43
The government’s escalating debt has to be restrained and the DA says it has come up with a legal mechanism it believes will force it to look for other ways to reduce the gap between revenue and expenditure other than increasing debt levels.
The party will table the Fiscal Responsibility Bill, a private member’s bill, in parliament this week, which is aimed at anchoring fiscal policy. It is one of a suite of bills the party is proposing to fence in and better control the way the government exercises fiscal discipline, and to set boundaries and limits to its expenditure...
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