Parliament’s finance committee has cast doubt on a number of the projections made by the Treasury in the supplementary budget recently tabled in parliament by finance minister Tito Mboweni.
The committee also questioned the projections for growth in 2021 and the budget deficit estimated by the Treasury for 2020 in a report on the special adjustment budget, also called the supplementary budget. Most opposition parties, such as the DA, the EFF and the Freedom Front Plus rejected the report.
The committee was also concerned that the main budget deficit would widen further than the projection made in the supplementary budget, which forecast that the consolidated budget deficit would reach 15.7% of GDP in 2020/2021 compared to the 6.8% in the February budget.