South Africa’s upcoming budget speech will probably contain better-than-projected fiscal results, allowing the finance minister to extend temporary spending measures without undermining near-term budget targets. But this will increase the risk of permanently looser fiscal policy that shifts public debt onto an unsustainable trajectory.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services