The government's poor financial position will likely be at the centre of this week's Medium Term Budget Policy Statement. Government debt is on the rise, as the country tries to stimulate the economy and cushion citizens against the effects of Covid-19 and the lockdown. The local economy is expected to contract by at least 9 per cent in 2020. Government revenue is expected to plunge, as a result of the struggling businesses and shutdowns as well as job losses.
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