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SOUTH AFRICA: Emergency budget – fast lane to the fiscal cliff?

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Finance Minister Tito Mboweni’s adjustment budget – due on 24 June – is expected to forecast the budget deficit climbing to more than 14% of GDP.
Immediate questions will revolve around how April’s ZAR 500bn stimulus package will be financed, which will include the reprioritiz...

 

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SOUTH AFRICA: Emergency budget – fast lane to the fiscal cliff?

Finance Minister Tito Mboweni’s adjustment budget – due on 24 June – is expected to forecast the budget deficit climbing to more than 14%