Economists divided over whether Treasury will miss or exceed tax targets
October’s medium-term budget revised revenue down R22bn compared with the February estimate
17 February 2025 - 05:00
With just two days to go to Wednesday’s national budget, market views have diverged on whether tax collections will undershoot or overshoot October’s budget estimates — but with government spending running well under budget for the year, the deficit is expected to come in about on target.
Economists warn, however, that concerns about the Donald Trump administration’s aggressive approach to SA could fuel risk perceptions and drive up long-term borrowing costs, reversing the gains government bond yields have made thanks to the GNU confidence boost...
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