ECONOMIC WEEK AHEAD: Medium-term budget to take centre stage
Poor economic conditions lend added significance to policy statement
Though there is a range of economic data due, it is the medium-term budget policy statement on Wednesday that will take centre stage, followed by a scheduled review from credit ratings agency Moody’s Investors Service on Friday.
The 2019 medium-term budget has taken on added significance as economic growth has disappointed and the government has increased spending on parastatals, notably power utility Eskom, while the SA Revenue Service struggles to achieve tax collection targets thanks to poor growth and a legacy of governance problems. ..