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Significance
This occurs in a context of market concerns over the recent exits of five senior National Treasury (finance ministry) officials and serious social and economic challenges manifested in high unemployment, inequality and poverty.
Impacts
Godongwana will resist efforts to create a basic income grant.
Higher commodity prices may increase expected revenues, temporarily allowing both increased spending and deficit reduction.
Weak results in the November 1 municipal elections may spur greater pressure for more spending.
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2021
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