2021 budget: Brace for impact | Citypress

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Financial experts agree that Wednesday’s budget speech will focus on corporate and income taxes, as the state battles to service its debt and fund the vaccine roll-out. | City_Press

With weak nominal GDP growth, wage bill pressures, a mass vaccination programme to fund and limited fiscal room to manoeuvre, analysts say corporate and income taxes will be the focal point of Finance Minister Tito Mboweni’s budget speech on Wednesday.

Mboweni is set to present one of the country’s most controversial budgets in years, as government battles with a growing debt burden and revenue losses arising from the Covid-19 pandemic.exclusive journalism and features

 

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