The president said at the ANC’s NEC lekgotla on Friday that government will look at increasing public borrowing to fund the procurement of Covid-19 vaccines.
President Cyril Ramaphosa said at the ANC’s national executive committee lekgotla on Friday that government will look at increasing public borrowing to fund the procurement of Covid-19 vaccines. He was delivered his political overview at the opening of the two-day meeting of ANC leaders, their alliance partners and other top government deploys. ‘Public good’ « This is a public good that is vital to the well-being of all our people, and it is therefore correct that public funding should be used, even if this means increasing public borrowing. [Finance Minister] Cde Tito [Mboweni] will later outline challenges in this regard, but funds will be there to save the lives of our people, » he said. Ramaphosa said the cost of the purchase of the vaccines is a major challenge, adding that the first, and primary, source of vaccine funding is the fiscus. « We are also engaged in discussions with the private sector for companies to make a further contribution, either into a pooled fund or where employers are able to cover the cost of vaccination for their workforce.
