Soft election budget could lead to five tough years
The three levers available to South Africa’s finance minister when he tables this year’s National Budget include borrowing more, cutting expenditure or raising taxes. This being an election year, it seems likely the first of the three paths will be favoured over austerity measures or higher taxation. And that means this could be the softest budget for taxpayers to stomach between now and 2029. To find out what you and your clients can expect from National Treasury on 21 February, FAnews tuned into a recent No Ordinary Wednesday podcast.