STANLIB Economic Focus: Budget Speech 2017
Minister of Finance, Pravin Gordhan delivered his National Budget Speech on Wednesday, 22 February 2017. Kevin Lings, STANLIB’s Chief Economist provides us with insights and commentary on this year's budget speech.
The Minister of Finance made a tough decision to substantially raise taxes as well as contain government expenditure in an endeavour to maintain fiscal discipline under difficult economic and political circumstances. This policy choice means that many individuals and investors will pay more tax, while all sectors of society will have to work much closer together in order to ensure that the tough choices are rewarded.
Regards,
Seelan Gobalsamy
Chief Executive Officer
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