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Finance Minister, Enoch Godogwana will be faced with the challenging task of allocating limited resources towards multiple competing priorities when he delivers his Budget address this week.

Economic analysts say they expect the focus of the budget to be on economic growth and revenue revisions.

During the midterm budget last year, government warned against a number of global and domestic risks to the economic outlook. A Chief Economist at Investec, Annabel Bishop says National Treasury is likely to cut its previous growth of 1.4%. In October last year, government projected that its consolidated spending would increase to R 2.2 Trillion in 2022-23 with social wages taking up the largest share of spending followed by debt servicing costs.

 

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