SA's fiscal cliff remains a clear and present danger

SA's fiscal cliff remains a clear and present danger - experts
Dr Fanie Joubert said the Fiscal Cliff Study Group had been tracking the figures since 2007 when the civil service wage bill, social grant payments, and interest on government debt amounted to about 55% of state revenue.
Picture: 123rf
23 days ago
CAPE TOWN - A lower than expected shortfall in revenue has pulled South Africa back from the brink, but the fiscal cliff remains a clear and present danger.
That’s the view of the Fiscal Cliff Study Group, which defines the fiscal cliff as the point where public servants’ wages, social grant payments, and debt-service costs absorb 100% of the government’s revenue.

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