The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

No fiscal space to move, says ACDP of adjustment budget

Contributed by NAMPA / ANA.

No fiscal space to move, says ACDP of adjustment budget
ANA Reporter
DURBAN, June 24 (ANA) - The African Christian Democratic Party (ACDP) said on Wednesday night that South African finance minister, Tito Mboweni, had no fiscal space to move given that the economy was set to contract by 7.5% of GDP as a result of the Covid-19 hard lockdown.
Mboweni delivered an adjustment budget earlier in the day via a virtual conference, where he said the contraction would result in R300 billion in less ...

 

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