Moody's: SA's lower revenue forecasts, spending pressures raise risks
The key elements of South Africa’s mid-term budget, announced on Wednesday, were broadly in line with expectations, the ratings agency said.
The key elements of South Africa’s mid-term budget, announced on Wednesday, were broadly in line with expectations, the ratings agency said.
South Africa’s lower revenue forecasts over the next two years and growing spending pressures from state-owned companies and social relief grants increase the risk of deterioration in the government’s balance sheet, Moody’s said on Thursday.
The key elements of South Africa’s mid-term budget, announced on Wednesday, were broadly in line with expectations, the ratings agency said in a statement.