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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Executive Summary
- FinMin Godongwana delivers the 2022/23 budget next week against a notably brighter fiscal backdrop than in recent years, owing to excess revenues from a robust commodity super-cycle in 2021/22.
- Deficit projections are likely undershoot prior forecasts by some margin, with markets looking for continuity in the fiscal consolidation path expressed at the November MTBPS.
- Revenue windfalls are expected to be used to fund SRD grant extensions and trim the elevated debt servicing bill, while still respecting affordability constraints. No major tax amendments are expected.
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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