Government urged to take stimulus route using its entire balance sheet

POSTED ON: April 18, 2020 IN Media
by Carol Paton

Presidency colloquium on Covid-19 response.

SA can and must mobilise substantial economic stimulus using the entire government balance sheet, advisers and officials in the presidency heard on Thursday.

While the world is mobilising enormous fiscal and monetary resources to combat the effect of the global economic “sudden stop” brought about by the Covid-19 pandemic, the Treasury has been slow to respond amid arguments that the country has no fiscal space to manoeuvre and cannot afford a stimulus package.

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