Government may dip into reserve funds
Debate rages over tapping into R459bn to plug funding gap
29 October 2023 - 06:53
Finance minister Enoch Godongwana could hint at the government possibly drawing from a R459bn special reserve account (https://www.businesslive.co.za/fm/features/cover-story/2023-10-19-is-there-a-r459bn-pot-of-gold-at-the-end-of-south-africas-rainbow/) to augment revenue shortfalls when he delivers the medium-term budget policy statement (MTBPS) on Wednesday.
Business Times understands that there has been a meeting with the minister, the National Treasury and the Reserve Bank to discuss the account and the implications of drawing from it. ..
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