03 Nov 2023
A view on the medium-term budget policy statement (MTBPS)
By Staff Writer
The Medium-term budget outcomes highlight a prudent approach to fiscal spending with R154 billion in proposed cuts to expenditure over the next three fiscal years. However, the bulk of these cuts are expected to fund the overrun in the wage bill rather than more productive spending in the economy, says Sanisha Packirisamy, economist at Momentum Investments. “Fiscal...