CLAIRE BISSEKER | Tito’s on a tightrope over hell ... and he’s got SA on his back
The finance minister has overpromised on debt stabilisation, but ditching it would make for terrible optics
19 October 2020 - 20:06
Finance minister Tito Mboweni faces a fiscal conundrum so daunting that he has been forced to delay the medium-term budget policy statement (MTBPS) by a week. The problem is he overpromised when he convinced the country in July that SA had to choose an “active” fiscal path that would allow debt to stabilise at 87% of GDP by 2023/2024...
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