2024 Budget Speech South Africa

2024 Budget Speech South Africa. As the speech was presented in an election year, as well as in trying economic times, there was a general expectation that no new. Treasury to spend 150 billion rand of reserves to pay down debt.

Real gdp growth for 2023 is estimated at 0.6%, down from the previous estimate of 0.8%. The government faces the dual task of stimulating economic growth while managing its debt and deficit.