Lukewarm, says Cosatu, while agricultural union calls MTBPS a comedy and a horror
Despite several positives in the annual statement, business believes the outlook for the economy remains poor
26 October 2022 - 18:49
The business sector said that while there were “numerous positives” that came out of the medium-term budget policy statement (MTBPS), the country’s economic outlook remains poor.
Lobby group Business Unity SA (Busa) said in a statement that the positives included an increase in tax revenue, with the budget deficit expected to narrow to 3.2% of GDP in the 2023/2024 financial year, and the public sector’s 3% wage increase...
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