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Thought October 16, 2020 / 08:49 am UTC

South African Recovery Plan: A Threat To Fiscal Consolidation

By Francesca Beausang
South African President Cyril Ramaphosa presented his Economic Reconstruction and Recovery Plan on Thursday. With limited revenues coming into the budget, it constitutes a threat to the objective of fiscal consolidation of the Medium-Term Budget Policy Statement (MTBPS). It is unsurprising that the MTBPS has bene delayed to 28 October.