South Africa to Borrow More As Revenue Falls – Medium-Term Budget
(:E-:N-:R-AZ:C-30:V)
To shore up revenue and be able to meet South Africa’s growing spending requirements, the government plans to increase its borrowings – making it difficult to stabilise and reduce its indebtedness, writes Ray Mahlaka for Daily Maverick.
Finance Minister Enoch Godongwana presented the Treasury’s Medium Term Budget Policy Statement in Parliament on November 1, 2023.
The government’s revenue from tax collections has declined since the February 2023 Budget was presented as economic conditions in South Africa have since worsened, pushing it to find new sources of money. To this end, the government plans to increase its borrowing requirements from R515.6-billion to R563.6-billion during the 2023/24 fiscal year, the Medium-Term Budget Policy Statement review documents show.
Source: https://allafrica.com/view/group/main/main/id/00087456.html
You can follow Jan on Gab
Gab is a Christian owned, Right Wing Twitter-like Platform. I‘m very active there daily.
Shop: Ersatzkommando Waffen SS Poster in a nice Frame The only one I ever sold!
I can‘t sell this any more, but this is the story of the one and only sale I ever made of this awesome poster!
HORRIFIC STATISTICS: The Horror of Person Communist Rule in S. Africa since 1994
This is doing the rounds on a big scale here in South Africa among People. This will give you an idea of the horror of Person rule.
