PETER ATTARD MONTALTO: Beyond the fiscal horizon
Markets do not necessarily focus on the longer term and where growing guaranteed risks can crystallise
My column (https://www.businesslive.co.za/bd/opinion/columnists/2024-03-04-peter-attard-montalto-how-the-treasury-is-holding-it-all-together/) two weeks ago induced an interesting response from Greg Becker (https://www.businesslive.co.za/bd/opinion/letters/2024-03-04-letter-fiscal-model-capture-raises-questions/) in the letters pages. Business Day normally frowns upon too much banter in this manner but the editor has allowed me a hall pass to respond.
Becker raises a range of interesting medium and long-term fiscal risks which one might easily cop-out to say are beyond the forecast horizon — but they demand some more serious thought and throw up some important pointers...
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