It’s here!
The heavily anticipated “mini” budget report by Pravin Gordhan is live and you can watch it below.
Unlike the country’s annual budget, the mini-budget never gets attention, but like we said earlier, there is so much at stake. According to ENCA:
The mini budget also highlights government priorities, the size of the spending envelope and who gets allocated what money.
So what is the Finance Minister likely to focus on this time around?
“There’s going to be a lot of attention on the accommodation of higher education, how government next intends to get R2.5-billion for no fee increases for students, the money set aside for drought relief, also the country’s growth forecast will be discussed,” said Econometrix Chief Economist Azar Jammine.
Once again, let’s hope whatever it is Gordhan has to say, the Rand and our ratings avert a downgrade.
I’ll advise you to save THIS number so long.
Here it is:
[source:enca]
