Finance Minister Tito Mboweni will deliver the MTBPS on Wednesday.
By Arthur Kamp and Patrick Buthelezi – Economists at Sanlam Investments.
Years of fiscal consolidation – cutting expenditure and raising revenue mainly through tax increases, have failed to deliver the desired outcome. The Main Budget deficit is likely to exceed 6% of GDP in 2019/20 with the gross loan debt ratio increasing to more than 60% of GDP by the end of this fiscal year. (more…)
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