ECONOMIC WEEK AHEAD: All eyes on Enoch Godongwana’s statement
Revenue overrun is expected but government spending will remain under pressure
All eyes will be on finance minister Enoch Godongwana when he tables the medium-term budget policy statement in parliament on Wednesday.
The policy statement is projected to show a revenue overrun, with substantial tax receipts accrued earlier in the year aiding further fiscal consolidation. An improvement in the fiscal ratios is expected, underpinned by enhanced nominal GDP readings on elevated inflation. ..
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