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Finance Minister Enoch Godongwana is expected to rein in spending when he delivers the medium-term budget policy statement on Wednesday. This, as a revenue underrun is expected to worsen the fiscal deficit outlook.
Spending cuts are the only way to improve deteriorating fiscal metrics, experts have argued. As things stand, government is expected to exceed spending by between R20 billion and R25 billion. But whether government is willing to make those tough decisions will become clear on Wednesday.
