BUSINESS NEWS - The MTBPS paints a pretty dire picture of government’s financial health.
However, with the trillions and billions of rands shown in the budget it is difficult to appreciate just how much trouble the country’s finances are in.
To simplify matters, I made a few simple calculations and chopped off several zeros from the numbers and presented the country’s budget as a normal monthly household budget – a budget most people can relate to.
It reflects the sad state of affairs as the expenditure greatly exceeds income… it is clear that the money of this household has run out.
The household should therefore call an emergency meeting where all members of the family are appraised to discuss the dire state of affairs.
The household should also use this meeting to hold blatant transgressors to account.
