Surprise growth in GDP will not bail out fiscus
05 September 2023 - 12:16
UPDATED 05 September 2023 - 23:00
SA’s economy grew ahead of expectations in the second quarter, reflecting the positive impact that June’s moderation in blackouts had after high levels of load-shedding in April and May.
A low growth rate reduces potential tax revenues and increases the expenditure needs of the government, making it harder to achieve fiscal sustainability and forcing the government into a trade-off between balancing its budget and pursuing other policy goals, such as social welfare...
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