SITUATION REPORT

South Africa: Latest Budget Outlook to Widen Gap Between Government, Unions

Oct 28, 2020 | 18:22 GMT

The South African Treasury unveiled its 2020 Medium-Term Budget Statement on Oct. 28, which projects the country’s gross debt-to-GDP to peak at 95.3 percent of GDP in 2025-26 after stabilizing its debt within the next five years via austerity measures, including a proposed three-year wage freeze in the public sector. ...

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