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- W3122648145 abstract "On February 23, 2011, Finance Minister Pravin Gordhan presented the South African budget for fiscal year 2011/2012. It was, as the exhibits suggest, an aggressive budget, designed to kick off the “New Growth Path” that the government had articulated three months earlier. Expenditures were forecast to rise by R82 billion; revenue by R69 billion. If the economic forecasts below were born out, this fiscal plan would yield a deficit of R155 billion, or 5.3% of the GDP. If the economy were to grow 4.2%, this would only increase the debt by 1.1%. With a gradually improving economy, this deficit was expected to shrink gradually, over the next two years, back to 3.8% of GDP. Spending would concentrate on education, housing and community amenities, social protection, environmental protection, and defense. Debt service was expected to rise by 16% annually, to R104 billion…" @default.
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- W3122648145 date "2016-03-01" @default.
- W3122648145 modified "2023-09-25" @default.
- W3122648145 title "South Africa (B): Getting Unstuck?" @default.
- W3122648145 doi "https://doi.org/10.1142/9789814704748_0008" @default.
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