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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