SOUTH AFRICA: Medium-term Budget signals no shift leftOxford Analytica Daily Brief (2009)
AbstractThe 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.
Citation InformationAlberto Behar. "SOUTH AFRICA: Medium-term Budget signals no shift left" Oxford Analytica Daily Brief (2009)
Available at: http://works.bepress.com/alberto_behar/20/