South African Medium-Term Budget Tackles Declining Economy, Debt SouthAfrica MTBPS2022
Finance Minister Enoch Godongwana has delivered his medium-term budget speech in Cape Town. Key issues discussed include the decline of economic growth projections from 1.9% to 2.1%, plans to provide debt relief to Eskom with government assuming a portion of the embattled power utility's debt and predictions of long-term borrowing in the domestic bond market to decline from 4.9% of GDP in 2022/23 to 3.2% of GDP in 2025/26.
Additionally, the minister is allocating an additional R6.1-billion to support rebuilding and humanitarian efforts in KwaZulu-Natal
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