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.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cyclone damage in New Zealand could exceed $8bn, finance minister warnsThe total cost to the government could be similar to the amount spent rebuilding Christchurch after the 2011 earthquake, Grant Robertson says
Source: BDliveSA - 🏆 12. / 63 Read more »
Scottish finance minister Kate Forbes joins leadership contestForbes is the third candidate to enter the race since Nicola Sturgeon’s surprise resignation last week
Source: BDliveSA - 🏆 12. / 63 Read more »