COVID-19
South Africa to revise budget as COVID-19 hurts economy
JOHANNESBURG, April 14 (Reuters) - South Africa will revise its budget as the COVID-19 pandemic takes its toll on an economy already in recession, Finance Minister Tito Mboweni said on Tuesday.
“We will naturally revise our fiscal framework to take into account the effect of COVID-19,” Mboweni told journalists on a teleconference.
The National Treasury tabled the 2020 budget in parliament in February, forecasting that the budget deficit would hit an 18-year high in the 2020/21 fiscal year. (Reporting by Alexander Winning; writing by Olivia Kumwenda-Mtambo; Editing by Alex Richardson)
"Information pertaining to Covid-19, vaccines, how to control the spread of the virus and potential treatments is ever-changing. Under the South African Disaster Management Act Regulation 11(5)(c) it is prohibited to publish information through any medium with the intention to deceive people on government measures to address COVID-19. We are therefore disabling the comment section on this article in order to protect both the commenting member and ourselves from potential liability. Should you have additional information that you think we should know, please email [email protected]"