The Treasury noted that it had for several years been warning that an absence of fiscal space would leave South Africa vulnerable to external shocks.
"That risk is now a reality," it said. "At the time of the 2020 budget, economic growth was already low and the fiscal position had deteriorated significantly. South Africa has begun heading into a debt spiral."
"Allocations have been informed by epidemiological modelling, a national health sector Covid‐19 cost model and our experiences over the past 100 days," he said. He said the country had successfully increased its Covid‐19 bed capacity to above 27 000, identified 400 quarantine sites with a capacity of around 36 000 beds across the country and deployed nearly 50 000 community healthcare workers to screen millions of South Africans.
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