Minister of finance Tito Mboweni speaks to journalists at a media briefing prior to delivering his budget speech in parliament on 26 February 2020 in Cape Town, South Africa. (Photo: Leila Dougan) "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)