While South Africa’s 2016 Medium Term Budget Policy Statement (MTBPS) made for sober reading it also offered the possibility of a brighter future.
The statement forecasts three potential long-term risk scenarios:
The MTBPS warns that should we encounter the first two scenarios the country would require higher taxes and reduced spending to stabilise debt; whilst if we are fortunate enough to fall into the third scenario debt stabilisation would be accelerated.
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