Budgetoutlook:Taxrevenuedoingtheheavylifting

18 FEBRUARY 2022

A good budget in the making

Even with an expected increase in expenditure, mainly from an extension of a corporate grant and adjustment to wages, RMB’s economists expect the main budget deficit to be better than what was presented at MTBPS. National Treasury faces a policy dilemma regarding a basic income grant, with those in support thereof arguing that the social cost far outweighs the fiscal risks.