Macro Perspective 44 | Sharp deterioration in fiscal metrics
The medium-term budget policy statement (MTBPS) tabled today revealed a sharp deterioration in fiscal metrics, aligning with expectations. Despite negative revisions, the budget is deemed realistic, considering the current circumstances. While reflecting challenging economic realities, the MTBPS outlines a pragmatic approach to financial management, emphasising consolidation, realistic assumptions, and strategic fiscal policies. For more in-depth analysis, tune in to our podcast episode by Peter Brooke discussing the implications of these measures on South Africa's economic landscape.
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