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SOUTH AFRICA: Medium-term Budget signals no shift left
Oxford Analytica Daily Brief (2009)
  • Alberto Behar, University of Oxford
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.
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Alberto Behar. "SOUTH AFRICA: Medium-term Budget signals no shift left" Oxford Analytica Daily Brief (2009)
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