Scott - Loving Life

Fiscal Cliff Study Group – South Africa on the edge of financial ruin

A lower than expected shortfall in revenue has pulled South Africa back from the brink, but the fiscal cliff remains a clear and present danger. That’s the view of the Fiscal Cliff Study Group, which defines the fiscal cliff as the point where public servants’ wages, social grant payments, and debt-service costs absorb 100% of the government’s revenue.
Duration: 0:3:22

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