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States' fiscal balances stay weaker than pre-Covid levels in Q1 FY2022
TIWN
TIWN
PHOTO : TIWN
Mumbai, Sep 2 (TIWN) The pandemic continues to affect state finances with first quarter revenue and expenditure numbers pointing out that a full economic recovery is still a long road ahead.
Altogether, the authorities spent about 2.2 percent of GDP to fight COVID in 2020, including:
- Health package of around Af 10.9 billion, of which Af 2.6 billion on building hospitals and provincial clinics;
- The social package of around Af 14.7 billion, of which Af 2 billion on the bread distribution program and Af 12.7 billion on the World Bank supported social distribution program
- Transfers to provinces to finance Covid-19 response of about Af 1.3 billion;
- Support to agriculture and short-term jobs of about Af 5.2 billion and Af 1.0 billion.
Similarly, the 2021 budget includes the following COVID-related spending:
- Health package of Af 2.4 billion;
- Social package of Af 8.9 billion;
- Other Af 3.3 billion.
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