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Treasury won t borrow money to fund multibillion relief package

Treasury won t borrow money to fund multibillion relief package
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R4 3bn set aside for vaccine may not be enough, Treasury s Mogajane tells MPs

R4.3bn set aside for vaccine may not be enough, Treasury s Mogajane tells MPs Treasury wants to tap into its contingency reserves to help fund the country’s COVID-19 vaccination programme. FILE: Treasury Director-General Dondo Mogajane. Picture: @TreasuryRSA/Twitter 2 hours ago CAPE TOWN - Treasury wants to tap into its contingency reserves to help fund the country’s COVID-19 vaccination programme. The National Health Department aims to vaccinate about 14 million South Africans this year although, given several setbacks, this is unlikely. Treasury Director-General Dondo Mogajane said that the R4.3 billion budgeted for vaccines may not be enough. “The contingency reserve money that we have put in will kick in if there is a need to. We have set aside R4.3 billion when we put the budget together.”

Treasury moving ahead with establishing a state bank but there is skepticism

Treasury moving ahead with establishing a state bank but there is skepticism 4 May 2021 5:19 PM Share This: Eyewitness News parliamentary correspondent News Babalo Ndenze says plans are afoot to ensure structural reforms are implemented. Treasury has warned South Africans to expect another tough economic year as it continued to service massive debt. The finance department shared a bleak outlook in a briefing on its annual performance plan to Parliament’s Standing Committee on Finance. Eyewitness News parliamentary correspondent Babalo Ndenze says Deputy Finance Minister David Masondo made it clear that COVID-19 was the centre of the current economic battles South Africa is currently facing.

Treasury: Money for vaccines is no issue, but we won t stop private sector from helping

Michael Ciaglo, Getty Images via AFP Funding has never been an issue for the rollout of Covid-19 vaccines, says a Treasury official. Treasury has not yet revised the funding estimate of R20 billion, as it has not yet been determined what combination of vaccines will have to be procured. Government recently lifted the suspension on the J&J vaccination rollout programme, given discoveries of a rare type of blood clot forming in six patients in the US. Funding has never been an issue in South Africa s Covid-19 vaccine rollout, said Treasury s Deputy Director-General of Public Finance Mampho Modise. Modise was among several Treasury officials, including Director General Dondo Mogajane, who participated in a Sunday Times virtual dialogue on the budget on Friday.

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