EPISODE · Nov 9, 2021 · 1 MIN
Growth prospects matter for the budget
from Die ekonomie minuut · host Waldo Krugell
When the Minister of Finance delivers the mini-budget, economic scenarios play an important role. If the economy grows, he gets more tax revenue and all the important ratios, such as the budget deficit to GDP and debt to GDP, look better. This year, Minister Godongwana is in a favourable position because economists expect the economy to grow by 5% by 2020. We should be concerned about future growth prospects.
What this episode covers
When the Minister of Finance delivers the mini-budget, economic scenarios play an important role. If the economy grows, he gets more tax revenue and all the important ratios, such as the budget deficit to GDP and debt to GDP, look better. This year, Minister Godongwana is in a favourable position because economists expect the economy to grow by 5% by 2020. We should be concerned about future growth prospects.
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Growth prospects matter for the budget
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