Gdp Growth Forecast
latest news & developments
Godongwana trims spending, lowers growth forecast
In his third prepared budget for the year, the minister said government debt would still stabilise this year but at 77.4% of GDP, higher than predicted in March
Pragmatic, pinched budget statement dampens growth hopes
Finance minister Enoch Godongwana forecast 1.8% growth over three years, coupled with a bigger deficit, as debt service costs crowd out fiscal space