Finance committee leery of Treasury’s budget projections
The committee is not convinced that the Treasury can reach its target of a primary budget surplus by 2023/2024, and wants a more realistic forecast
08 July 2020 - 18:36
Parliament’s finance committee has cast doubt on a number of the projections made by the Treasury in the supplementary budget recently tabled in parliament by finance minister Tito Mboweni.
These doubts align with those raised by economists and credit ratings agencies about the Treasury’s debt stabilisation and fiscal consolidation plans, and the ability of the government to reduce spending by R230bn over the next two years...
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