Govt must squeeze more from less - IMF

In a statement released on Monday, the IMF says as the forecast for Government revenues becomes more constrained while social obligations remain high, Government will need   to improve management of public finances and re-prioritise spending patterns.

"The outlook for government revenues is set to become more constrained, reflecting a trend of decline in mineral revenues and customs and excise receipts," says the IMF statement. "As the fiscal environment becomes more challenging, management of public finances will need to improve. With less revenues available than in the past but social challenges remaining significant, the government will need to do more with less."