Mid-term budget speech | Godongwana reveals worsening budget deficit

PARLIAMENT - Finance Minister, Enoch Godongwana delivered his medium-term budget speech on Wednesday afternoon and revealed a worsening budget deficit in the current financial year.

READ: Medium-term Budget Speech | Godongwana's difficult balancing act

Projections show a 4.9 percent GDP deficit compared to previous estimates of 4-percent.

Godongwana said South Africa's economic and fiscal outlook remain weak.

Godongwana announced an array of budget cuts.