February 24, 2021

Africa

SOUTH AFRICA: Tito’s “no austerity” consolidation budget

BY Anne Frühauf

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( 5 mins) Finance Minister Tito Mboweni’s 24 February budget benefits from better-than-expected revenue shortfalls but aims to hold the line on fiscal consolidation over the medium term. Above all, his plan to stabilize South Africa’s public finances will stand or fall by the government’s ability to implement its bold public-sector wage freeze. Mboweni promised that support for […]

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