B2B Central

budget deficit

16 Feb 2022

‘Hopeful Budget’ may strike right notes, but tax clarity and economic reforms are needed – Allan Gray

By Staff Writer

We expect that the Budget will reflect the intention by government to revive the economy through providing continued tax relief, added focus on accelerating reforms in the country and no major tax increases.
23 Feb 2021

Budget 2021: Revenue and issuance optimism clouded by sustainability concerns

By Staff Writer

The better-than-expected performance in YTD tax collection suggests that revenue could be about R100bn higher in FY20/21 relative to the NT’s MTBPS estimate. This improvement bodes well for the revenue outlook over the MTEF.
20 Feb 2020

Mboweni to deliver budget with very little breathing room

By Janice Roberts

Finance Minister Tito Mboweni is set to deliver a budget with very little breathing room on Wednesday 26 February, the Nedbank Group Economic Unit says.
17 Feb 2020

Budget 2020: Rein in the budget deficit!

By Janice Roberts

Citadel Portfolio Manager Mike van der Westhuizen believes a strong Budget will come down to simple action and hard choices taken now for the long-term benefit of the country.

27 Feb 2019

Why the 2019 budget speech might keep the rating agencies happy

By Janice Roberts

David French, Director of Tax Consulting at Mazars says that with the 2019 South African general election looming, many expected this year’s budget speech to largely be composed of populist messages aimed at voters. However, he points out that the Minister’s Speech in fact spoke directly to rating agencies with the goal of addressing some...
20 Feb 2019

BUDGET 2019: GDP growth revised down

By Janice Roberts

Finance Minister Tito Mboweni today tabled the 2019 Budget, revising South Africa’s GDP growth forecast for 2019 to 1.5 per cent, from an estimated 1.7 per cent at the time of the 2018 medium-term budget policy statement (MTBPS). 
26 Oct 2016

Consolidation measures may dampen economic activity - MTBPS

By Janice Roberts

The consolidation measures proposed in the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today, “are likely to have some dampening effect on economic activity. But over the medium term, a further loss of confidence and a ratings downgrade – which could prompt higher interest rates and large capital outflows – remain greater...
26 Oct 2016

Budget deficit for 2016/17 seen at 3.4 percent of GDP

By Janice Roberts

The consolidated budget deficit for 2016/17 is projected at 3.4 percent of GDP, marginally higher than the 2016 Budget estimate of 3.2 percent.  This is according to the Medium Term Budget Policy Statement (MTBPS), released by National Treasury today.