The Mini Budget & SA’s Huge Fiscal Headache
When Finance Minister Tito Mboweni delivered his Medium-Term Budget Policy Statement (MTBPS) last week, he did not have a lot of room to manoeuvre. He had to cut the budgets of a few ministries and push ahead with a public sector wage freeze. While these measures were expected, a further bailout of SAA took some observers by surprise. The articles below explain what the MTBPS entails, what the fuss is about SAA, and what the political trade-offs are.
Read more: Economic Digest 18 041112