Budget 2024: Households to buckle under high cost of living for the year

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National Treasury says household consumption remains under significant pressure after contracting for two consecutive quarters last year.

CAPE TOWN - Things are still not looking good for South African households with little or no relief in the short term, according to National Treasury.

But according to National Treasury’s budget review, household consumption forecast has been revised down to 1.3% compared to 1.4% at the time of the medium-term budget.

 

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