Fiscal Constraints News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- South African President Cyril Ramaphosa again hinted at introducing a basic income grant, saying that there is a “strong case” for it despite the nation’s “fiscal constraints.”Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stockpile at Risk From $450 Million Dual VerdictsAmazon Drops iRobot Deal; Roomba Maker Cuts 31% of StaffEvergrande Set for Liquidation as

After years of pandemic, recession, and intensifying climate change impacts, many developing countries are increasingly getting stuck in a "climate debt trap."

Government, in a bid to address the persistent financial tribulations besieging the National Investment Bank (NIB), has cast its gaze towards a potential takeover by the Agricultural Development Bank (ADB).

The better-than-expected GDP performance was especially boosted by the broad financial services sector, contributing 0.5 percentage points.

Instead of banning freebies, which cut across ideologies and are more of a political tool, it may be more pragmatic to allow states leeway to use these only within strict fiscal constraints.