“The fiscal deficit is set to worsen as weak growth constrains revenue, current expenditure remains rigid, and public enterprises require additional support,” the Washington-based IMF said in an emailed report Monday after staff concluded a visit to the continent’s most-industrialized economy. “As a result, debt pressures are likely to further increase in the near term.”
Weak economic growth and chronically high unemployment mean the state would probably miss its initial revenue-collection targets by more than 42 billion rand in the 2018-19 fiscal year, the Treasury said in February.
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But we have a govt unable to make the really tough decisions
Let’s explain that to Cyril “the tortoise” Ramaphosa
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