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PBO Says Mboweni's Budget Doesn't Support Economic Growth

SOUTH AFRICA
  • Parliamentary Budget Office (PBO) says Mboweni's budget doesn't support economic growth or strike a balance between immediate support for the economy and shoring up public finances
  • PBO is an advisory body set up to monitor and discuss budget-related matters with MPs
  • Says insufficient direct budgetary interventions to grow demand for goods and services and drive investment, job creation & growth
  • Criticises SA's infrastructure drive (Operation vulindela), saying there were no clear time-frames for structural reforms
  • Notes high uncertainty will see private business keeping assets liquid, rather than sunk in long-term fixed investments
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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