South Africa: Govt proposes ZAR38.9bn fiscal relief package for Covid, riots

Metodi Tzanov

Chief Economist @ EmergingMarketWatch

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29 July 2021

• Funding will come from tax windfall (ZAR 36.2) and reprioritization (ZAR 5bn)

• Reinstatement of social grant to cost ZAR 26.9bn but is temporary

• Package will not increase debt trajectory, no deviation from fiscal targets

Metodi Tzanov

Chief Economist @ EmergingMarketWatch

Follow

29 July 2021

29 July 2021

Published byEmergingMarketWatch

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