South Africa’s budget deficit, debt seen widening as virus hits economy

South Africa’s budget deficit is projected to widen sharply while debt is seen ballooning significantly, the Treasury said on Wednesday, as the COVID-19 pandemic further stifles the recession-hit economy. In a supplementary budget in response to the coronavirus crisis, the Treasury projected the budget deficit would widen to 14.6% of gross domestic product in the current 2020/21 fiscal year, from […]

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