A leaked copy of an ANC economic transformation committee document shows the major economic pressure faced by the state — with government still struggling to find R109 billion to spend on critical expenses, existing commitments, and budgeted costs.
The Sunday Times reports that the presentation was led by finance minister Enoch Godongwana and was used to show why government cannot justify a basic income grant.
Critical expenses that are yet to be paid and form part of the R109-billion figure include: R15 billion towards student debt R16.1 billion for provincial accruals and payables R5 billion to rescue the Land Bank R4.56 […]
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