Fitch sceptical about medium-term budget forecasts
05 November 2024 - 11:42
UPDATED 05 November 2024 - 23:20
Ratings agency Fitch has expressed scepticism about the Treasury’s ability to deliver on last week’s medium-term budget policy estimates, saying the government will probably have to spend more on public sector pay and on bailing out Transnet than it has budgeted for and debt will end up higher.
But the ratings agency conceded that if the Treasury could achieve its targets, that would be positive for SA’s credit ratings, as would an uplift in economic growth over the medium term...
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.