South Africa’s Treasury has warned that the country’s stagnant economy has left the government with far less tax revenue than planned, leaving President Cyril Ramaphosa with difficult choices ahead of next year’s crunch election.
Enoch Godongwana, finance minister, said in his medium-term budget update that rising fiscal pressures on Africa’s largest economy would strain “scarce public resources” and result in action “to review and reconfigure the structure and size of the state”.
Ramaphosa and his governing African National Congress face an uphill battle to retain their majority when the national vote is held in May or June. The contest is viewed as the party’s toughest test in 30 years of South Africa’s democracy.
您已阅读24%（724字），剩余76%（2288字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。