SA’s Fiscus Remains Constrained Despite Relief Efforts From Government

SHARE

Share on whatsapp
Share on facebook
Share on twitter
Share on linkedin
Share on google
Share on email
Share on print
Screenshot (8)

Despite funding being made available to cushion the social and economic impact on the poor and affected businesses due to the Covid-19 pandemic and last month’s unrest, South Africa’s finances remain a substantial risk.

Finance Minister Tito Mboweni says South Africa is not an advanced economy and its untrue that a state which prints its own currency cannot experience a debt crisis. This week, Mboweni presented the R38.9 billion Disaster Relief package to support unemployed people, and businesses impacted by the unrest.

Mboweni adds that despite the fiscus being constrained, Treasury will continue its strategy of restoring the health of public finances.

[Picture: Supplied]

News Headlines

October 17, 2021
Asr Athaan

16:13

1 Hours 12 Minutes
Prayer Begins Athaan
Fajr04:35 04:38
Sunrise06:02
Thuhr12:32 12:35
Asr16:10 16:13
Maghrib19:02 19:05
Isha20:24 20:27
Open chat