Mini budget: What to expect

[schumi]

One of Gordhan’s biggest challenges will be trimming debt as well as the budget deficit: the difference between what the economy is worth and what SA Inc spends. In February, Gordhan projected the shortfall would come in at 3.2 percent by the end of the fiscal year, but Bloomberg reported on Tuesday that - based on a survey - the shortfall may be 3.4 percent of gross domestic product.

In his 2016 budget speech, Gordhan said the budget deficit will fall from 3.2 percent of GDP in the 2016/17 year to 2.4 percent in 2018/19.

Gordhan is also likely to indicate whether taxes will go up In February as the Mid-Term Budget Policy Statement is not when these announcements are made, but rather a time to look back at he first half of the year and adjust spending based on priorities.

As such, the #FeesMustFall movement may score a victory if money is shuffled away from other departments into Higher Education.

More at: http://www.iol.co.za/business/budget/mini-budget-what-to-expect-2083459

 

[krycor]

Fun times ahead.

 

[Gtx Gaming]

You can expect the RAND to take a dip

 

[NarrowBandFtw]

the budget deficit: the difference between what the economy is worth and what SA Inc squanders

ftfy

 

[Tikkop]

What to expect? Blah, blah, blah...

 

[BBSA]

I expect chaos after Pravin does not give into the entitled "students".

 

[BBSA]

According to Minister Angie Motshekga on eNCA now, the #FeesMustFall crisis is a result of govt's success in education.

 

[BBSA]

Zuma sleeping:

 

[Suspect99]

Zuma sleeping:

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