Supplementary Budget 2020
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Gordhan must focus on govt wages, interest payments

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Johannesburg – Sticking to the expenditure ceiling and a further commitment to cutting wasteful expenditure would be a positive signal to rating agencies of government’s commitment to reduce debt.

However, public sector wages and interest payments are expected to weigh heavily on the budget.

Sanisha Packirisamy, economist at Momentum Investments, said that the wage bill is one of the “largest drags” on the fiscus.

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