Top Five Challenges Facing Gordhan

Finance minister Pravin Gordhan faces what could be his most difficult budget speech to date

Finance minister Pravin Gordhan faces what could be his most difficult budget speech to date as he seeks to stimulate the economy while containing expenditure, according to Global Credit Ratings (GCR) CEO, Marc Joffe.
 
The minister is expected to present the Medium Term Budget Policy Statement (MTBPS) to Parliament on 26 October.
 
“The Minister’s need to carefully balance raising revenue, likely through new taxes, while also attempting to contain expenditure in an environment characterised by low economic growth seems to become more of a challenge with each budget speech,” says Joffe.

To read the article titled, “Top five challenges facing Gordhan ahead of mid-year budget” click here.

Source: 
fin24.com

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