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SA medium-term budget 2017

26 October 2017

Have we reached the fiscal cliff?

Mid-term budget speech 2017 lacked concrete steps

26 October 2017

Treasury has not given a clear enough indication on how it intends to address its revenue shortfall, leaving experts to speculate that the majority of revenue will be financed by taking on additional debt.

Grant Thornton's insights following today's MTBPS

26 October 2017

Key executives from Grant Thornton South Africa provide commentary and insights following Finance Minister Malusi Gigaba’s Medium Term Budget Policy Statement presented this afternoon, Wednesday 25 October 2017:

MTBPS paints bleak picture that will disappoint both market and ratings agencies

26 October 2017

Today’s Medium Term Budget Policy Statement (MTBPS), presented in Parliament by Finance Minister Malusi Gigaba, paints a bleak picture: the expenditure ceiling has been breached, there is no primary surplus and debt and guarantees combined are above 60% of GDP. Not only is the market likely to hate it, but Standard & Poor’s may well downgrade our domestic credit rating in November.

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