2024 budget faces $62 trillion backlog

THE 2024 fiscal year wii likely be underfunded to the tune of $62,2 trillion because Treasury is broke, a development likely to sink consumers and businesses into deeper poverty next year.

Finance, Economic Development and Investment Promotion minister Mthuli Ncube revealed at last week’s pre-budget meeting that the total bids for the 2024 national budget were $110 trillion, while governmentexpected revenues of $47,8 trillion.

The difference between the two figures gives the $62,2 trillion.

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