"SA on track to meet revenue and fiscal targets"

Wednesday, 18 May 2016, 08:06
Share
"SA on track to meet revenue and fiscal targets"
Generic image
BUSINESS NEWS - South Africa will achieve the strict consolidation targets set out in the budget the Treasury said on Tuesday, despite recent signs that the economy was headed for a prolonged period of low growth.

“In our case we are still convinced for this year that we will most likely achieve the revenue target that we put out, most likely achieve the fiscal consolidation,” Director General at the Treasury Lungisa Fuzile told parliament.

Finance Minister Pravin Gordhan tabled a package of spending cuts, civil service job freezes and moderate tax hikes in the budget in February, aimed at holding off credit downgrades by ratings agencies that have cited poor growth as major risk.
 

Read more about: SA on track to meet revenue and fiscal targets Treasury

Back to Top

More Group Editors Publications & Online Platforms

PapersImages
PapersImages
PapersImages
PapersImages
PapersImages
Press Council Fair Logo

Mossel Bay Advertiser proudly displays the “FAIR” stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council’s website, www.presscouncil.org.za or email the complaint to enquiries@ombudsman.org.za. Contact the Press Council on 0114843612.

Disclaimers | Contact Us

Copyright 2025 Group Editors Company (Pty) Ltd, Registration Number 1963/002133/07 t/a Mossel Bay Advertiser