The medium-term budget delivered a huge revenue overrun but, even so, the improvement in the debt trajectory surprised many – as did some shifts in Treasury’s stance on spending. Growth, however, remains the elusive ingredient, writes ClaireBisseker.
The medium-term budget delivered a huge revenue overrun but, even so, the improvement in the debt trajectory surprised many — as did some shifts in the Treasury’s stance on spending. Growth, however, remains the elusive ingredientThe markets loved the medium-term budget.
This was the main positive surprise of the day — the National Treasury’s new projection that SA’s debt ratio will peak at 71.4% of GDP this year and then begin to fall, even if the global environment worsens significantly and commodity prices continue to wane...If you have already registered or subscribed, please sign in to continue.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Enoch Godongwana’s three budget surprisesThe medium-term budget delivered a huge revenue overrun but, even so, the improvement in the debt trajectory surprised many – as did some shifts in Treasury’s stance on spending. Growth, however, remains the elusive ingredient, writes ClaireBisseker.
Read more »
Godongwana 'misunderstood' on coal comments, says he supports Just Energy Transition | Fin24Finance Minister Enoch Godongwana has withdrawn comments that Eskom should build more fossil fuel capacity. Godongwana says he was misunderstood. | News24_Business
Read more »
IMF warns Godongwana may have underestimated risks in medium-term budget | Fin24Finance Minister Enoch Godongwana did the right thing by cutting debt requirements and saving some of the windfall, says the IMF. But there are substantial risks to the fiscal framework, which could materialise. | politicsblahbla News24_Business
Read more »
MTBPS: Godongwana delivers treasury’s same old sermonDuma Gqubule: MTBPS: Godongwana delivers treasury’s same old sermon - Like a household, new spending will be financed through tax increases or budget cuts
Read more »
Godongwana says reports Treasury will take over portion of Eskom's debt are 'inaccurate' | The Citizen👀Minister of Finance Enoch Godongwana on Thursday said reports that the National Treasury plans to take over a portion of Eskom’s R392-billion debt were inaccurate. 💡
Read more »