South Africa's 2020 Budget Targets State Wage Bill

Economists have given a cautious thumbs-up to the 2020/21 Budget that South African Finance Miinister Tito Mboweni presented to Parliament. In a nutshell, the Budget deficit is seen climbing to 6.8% of GDP in the coming fiscal year and over the next three years, there is R261-billion in planned cuts, with R160-billion seen coming off the public sector wage bill, writes Ed Stoddard in Daily Maverick.

South African Finance Minister Tito Mboweni prepares to deliver his Budget speech on February 26, 2020.

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Hundreds of protesters under the banner of Cry of the Xcluded marched to the Civic Centre, then Parliament, on Budget day, demanding that government deal with the crisis of unemployment. Photo:

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