n IMFO : Official Journal of the Institute of Municipal Finance Officers - The objectives of the 2015 Budget
|Article Title||The objectives of the 2015 Budget|
|© Publisher:||Institute of Municipal Finance Officers (IMFO)|
|Journal||IMFO : Official Journal of the Institute of Municipal Finance Officers|
|Publication Date||Summer 2014|
South Africa's budget exceeds one thousand billion rand. The budget continues to be informed by the assessment of macro-economic environment and the fiscal policy framework that has served previous budgets. Government faces an extremely tight fiscal environment and expenditure over the 2015 MTEF will be well contained. Poor economic growth performance, rising interest rates and higher levels of inflation place additional pressure on government's fiscal programme, which seeks to stabilise the growth of debt and restore fiscal sustainability.
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