South Africa: Mboweni's Emergency Budget Is About Survival

analysis

Finance Minister Tito Mboweni is scheduled to deliver an emergency Budget on Wednesday 24 June. The Budget he tabled in late February is now extinct, and this one will be a blueprint for survival as the economy, and with it, the government's main sources of revenue, melt down in the face of the Covid-19 pandemic and the lockdowns to contain it.

With the winter solstice behind us, the days are lengthening again in an annual cycle of renewal. But don't expect any rays of sunshine in Finance Minister Tito Mboweni's emergency Budget.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.