The supplementary budget, meant to give expression to additional Covid-19 emergency spending, has sparked significant debate.

In weighing in on this debate (“Don’t compare apples with oranges when assessing Mboweni’s budget (https://www.businesslive.co.za/bd/opinion/2020-07-16-dont-compare-apples-with-oranges-when-estimating-bang-for-buck/),” July 16) in response to a previous article of mine (“It’s not about debt, it’s about stimulating an economy in crisis (https://www.businesslive.co.za/bd/opinion/2020-07-09-its-not-about-debt-its-about-stimulating-an-economy-in-crisis/),” July 9), Prof Laurence Harris and Reserve Bank economist Konstantin Makrelov make some valid points, but overall it comes across as an opportunistic defence of the Treasury rather than a good-faith attempt to expand economic debate...

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