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The Presidential Economic Advisory Council has said that South Africa’s debt and spending were not sustainable enough for the government to respond effectively to the Covid-19 pandemic.
According to the Presidency, the council, which was appointed by Ramaphosa, exists “to ensure greater coherence and consistency in the implementation of economic policy” while ensuring that the state and society are “better equipped to respond to changing circumstances. economic “.
The briefing notes, which span more than 100 pages, provide additional information about SA’s plans for an economic response to the Covid-19 pandemic. They join South Africa’s recently leaked Economic Recovery and Reconstruction Plan, on which President Cyril Ramaphosa will report to Parliament on Thursday. South Africa’s Economic Recovery and Reconstruction Plan was presented to the economic group in the lekgotla Cabinet last Wednesday.
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