ECONOMIC WEEK AHEAD: Build-up to budget dwarfs expected jump in inflation
Uncertainty about the budget hangs over the main data release this week — CPI — and what it means for interest rates
16 February 2020 - 16:23
President Cyril Ramaphosa’s state of the nation address last week kicked down the road the details on critical questions — specifically how SA will stabilise its public finances — and on to finance minister Tito Mboweni’s budget due out next week.
This has upped the ante on what is already a difficult budget. Expectations are growing among economists that, thanks largely to slower economic growth, revenues are likely to disappoint. As a result, SA’s main budget deficit is expected to widen beyond the 6.2% predicted in the October medium-term budget policy statement (MTBPS). ..
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