BALANCING ACT

21st February 2014 By: Darlene Creamer

BALANCING ACT

Every year since 2009, there have been warnings and lamentations ahead of Budget day about just how tough it is going to be for Finance Minister Pravin Gordhan to present a balanced Budget. But in the context of a limp economic outlook, weak revenue growth, massive social need and a commitment to fiscal consolidation, Gordhan is arguably being confronted with the most difficult balancing act of the democratic era.