Budget still projects deficits up to 3.5 times that of Zuma era; Sakeliga report gives 30/100 for policy reform – Sakeliga-ETM economic update (quarter 1 2021)
“The alarming bottom-line of Mr. Tito Mboweni’s 2021 budget is that its projected deficits range between 2 and 3.5 times compared to those of the final days of the Zuma era. From the point of fiscal and economic sustainability, Mr. Mboweni’s latest budget is therefore at least twice as concerning as those of former Minister of Finance Malusi Gigaba. The increase in expenditure and debt must, however, not be laid at the feet of Mr. Mboweni, but at those of government for its failure to implement the required structural and policy reform,” says Piet le […]