Increasing spending pressure makes budget credibility difficult, economists say
Economists have warned that increasing spending pressures on the national budget, worsened by rotational blackouts that are impeding economic growth as well as tax revenue, may make delivering a credible budget “a very difficult task”.
They say the country’s lacklustre medium-term growth outlook is a concern, and something credit ratings agencies could flag as a downside risk...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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