Supplementary budget: It’s all about stabilising SA’s debt, says Mboweni

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Finance Minister Tito Mboweni. Picture: Twitter/GovernmentZA
Finance Minister Tito Mboweni. Picture: Twitter/GovernmentZA

Finance Minister Tito Mboweni focused his supplementary budget on stabilising debt by improving the government’s spending patterns and creating a foundation for economic revival.

The adjustment of the budget, delivered to the nation on Wednesday afternoon, came in the wake of the economic downturn caused by the Covid-19 coronavirus pandemic.

A second adjustment budget will be tabled in October together with the medium-term budget policy statement, he said.

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