Finance Minister Tito Mboweni confirmed on Friday that a revised Budget Bill would be tabled in Parliament shortly to address changes to the fiscal framework that had arisen as a result of government’s response to the Covid-19 pandemic, including the R500-billion economic and social relief package unveiled by President Cyril Ramaphosa on April 21. The additional on-Budget expenditure on health and social welfare included in the package would be funded through a combination of Budgetary reallocations, bond issuances and finance raised from multilateral finance institutions, including the International Monetary Fund (IMF).
