South African Finance Minister Enoch Godongwana is under pressure to show efforts to reduce the country’s fiscal deficits and rein in debt won’t be compromised by new spending measures in this week’s budget.
Godongwana will present the government’s spending framework for the next three years on Wednesday, as the economy struggles to recover from the damage wrought by the coronavirus pandemic, including South Africa’s discovery of the omicron variant that sparked a flurry of international travel restrictions. It’s also been hobbled by deadly riots and ongoing electricity supply constraints.
High commodity prices have given him some leeway. The windfall means revenue […]
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