Concerns about SA’s fiscal cliff rose ahead of Mboweni’s budget speech
The Fiscal Cliff Study Group first warned of the danger several years ago. It defines the fiscal gap as the point reached when public servants’ salaries, social subsidy payments, and debt service costs absorb all government revenue.
FILE: Finance Minister Tito Mboweni delivers his medium-term budget policy speech in Parliament on October 28, 2020 in Cape Town. Image: GCIS
CAPE TOWN – As Finance Minister Tito Mboweni prepares to deliver his 2021 Budget on Wednesday, South Africa teeters on the edge of a fiscal cliff.
The Fiscal Cliff Study Group First …