Risks could blot out the light at end of the fiscal consolidation tunnel
Finance minister Enoch Godongwana outlined a better fiscal position in the medium-term budget policy statement, but risks to the outlook remain
11 November 2021 - 14:05
Finance minister Enoch Godongwana’s medium-term budget policy statement (MTBPS) followed the path of fiscal consolidation mapped out by his predecessor, Tito Mboweni, maintaining efforts to narrow the government’s budget deficit and stabilise SA’s still troublesome debt trajectory.
But substantial risks to the improved fiscal outlook and the underlying economic recovery remain, which could undo the effort to close the “hippo’s mouth” and avoid the sovereign crisis Mboweni warned of. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.