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.
Cosatu: 2021 Budget is divorced from the reality for ordinary citizens
ewn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ewn.co.za Daily Mail and Mail on Sunday newspapers.
FFC questions whether Mboweni s Budget is in line with the Constitution
ewn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ewn.co.za Daily Mail and Mail on Sunday newspapers.