Analysis paralysis and the approaching fiscal storm :: Mmegi Online

The country’s weakened fiscal position, seen in delayed payments and salaries, rising public debt as well as a liquidity crunch, comes after decades of policymakers knowing all the solutions but failing to accelerate reforms quickly enough. Staff Writer, MBONGENI MGUNI reports

The gap between knowing what to do and doing it, has been the proverbial thorn in the side of public sector policymakers and the reforms they have attempted to make over the decades since the discovery of diamonds.

For those tracking the numbers, the current fiscal challenge is not about the past months. The fiscal crisis now manifesting in reports of government delaying to settle some payments, parastatals postponing paydays for employees and rising public debt, can be seen as far back as a decade ago, when mineral revenues entered a downward slide.

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