Finance Minister paints dire picture on country’s deteriorating public finances.
Finance Minister Enoch Godongwana delivered a stark warning about South Africa’s deteriorating public finances in a keynote address at the Kgalema Motlanthe Foundation annual forum.picture of the current state of government debt, cautioning that imminent repayments could deplete all available government finances by the end of March 2024.
The impending Medium-Term Budget Policy Statement is expected to unveil measures aimed at curbing excessive spending, as the minister emphasized the urgency of maintaining some current expenditure levels.
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