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SOUTH AFRICA: Medium-term Budget signals no shift left
Oxford Analytica Daily Brief (2009)
  • Alberto Behar, University of Oxford
Abstract
The increased deficit projection is largely due to lower-than-anticipated tax revenues, rather than a deliberate countercyclical expansionary fiscal policy change brought about by Gordhan. While the medium-term outlook mentions sustained government investment programmes and a structural deficit, these plans represent continuity with the previous government. However, the commitment to such plans in the wake of deteriorating finances may concern some observers.
Disciplines
Publication Date
2009
Citation Information
Alberto Behar. "SOUTH AFRICA: Medium-term Budget signals no shift left" Oxford Analytica Daily Brief (2009)
Available at: http://works.bepress.com/alberto_behar/20/