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SA’s budget deficit reached a record R143.8-billion in July, the largest since at least 2004 and wider than the R115.5-billion forecast by economists. With expenses increasing and tax revenues dwindling, something has got to give. Either SA spends less, or it borrows more. The country is, quite. ....
Borrowing money to give to the unemployed because you haven’t grown the economy enough to create jobs, is a sure way to end up begging for a bailout ....
National Treasury director-general Duncan Pieterse said South Africa would have a clearer sense of how government reconfiguration aimed at reducing costs had been going by the time finance minister Enoch Godongwana tabled the medium-term budget policy statement. ....
Borrowing money to give to the unemployed because you haven’t grown the economy enough to create jobs, is a sure way to end up begging for a bailout ....