The most important numbers out of the:
Economic growth in 2020 is expected at -7.2% (SARB's is 7.1%)
Revenue: R1.099tn (22.6% of GDP) from R1.398tn (25.8% in Feb)
Expenditure: R1.809tn (37.2% of GDP) from R1.766tn (32.5% of GDP) @TreasuryRSA
#SupplementaryBudget
Economic growth in 2020 is expected at -7.2% (SARB's is 7.1%)
Revenue: R1.099tn (22.6% of GDP) from R1.398tn (25.8% in Feb)
Expenditure: R1.809tn (37.2% of GDP) from R1.766tn (32.5% of GDP) @TreasuryRSA
#SupplementaryBudget
Debt costs: R236.4bn (4.9% of GDP) from R229.3bn (4.2% of GDP)
Main budget balance: -R709.7bn (14.6% of GDP)
Primary balance (excl. interest costs): -R473.2bn (-9.7% of GDP) from -R138.7bn (-2.6% of GDP)
Debt to GDP ratio: 82% in 2020/21
@TreasuryRSA
#SupplementaryBudget
Main budget balance: -R709.7bn (14.6% of GDP)
Primary balance (excl. interest costs): -R473.2bn (-9.7% of GDP) from -R138.7bn (-2.6% of GDP)
Debt to GDP ratio: 82% in 2020/21
@TreasuryRSA
#SupplementaryBudget
The hippopotamus wide jaws (1): growth and employment 
The hippopotamus wide jaws (2): revenue & expenditure
The hippopotamus wide jaws: active scenario & no action
The Land Bank gets R3.0bn recapitalization
Takeouts: (1) this is a revised fiscal framework, an emergency budget due to Covid-19. (2)No details on SOEs other than the Land Bank. (3)Fiscal sustainability is not guaranteed for now, will depend on economic reforms but there is commitment to bring debt to sustainable levels.
Takeouts: Hard choices need to be made. "Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter through it. 14 But small is the gate and narrow the road that leads to life, and only a few find it." Matthew 7v13-14.
