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A high stakes ‘go big or go home’ budget

Friday, February 09, 2024 | 230 Views |

Tricky year: Cornelius Dekop, the new BoB governor, will keep an eye on the budget’s possible inflationary effects PIC MORERI SEJAKGOMO

Fiscal authorities believe the historic P102 billion budget will jumpstart a stagnating economy. But the spending plan is also fraught with risks, including inflation and increased wastage. Staff Writers, MBONGENI MGUNI & TIMOTHY LEWANIKA report

Keith Jefferis, one of the country’s most respected economists, says he has seen the situation around the record budget spending proposed this week, before.

“I’ve seen this before in 1990 and the result was a lot of waste and a lot of inflation,” he told the 30th edition of First National Bank’s budget review on Tuesday.

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A high stakes ‘go big or go home’ budget

Fiscal authorities believe the historic P102 billion budget will jumpstart a stagnating economy. But the spending plan is also fraught with risks, including inflation and increased wastage. Staff Writers, MBONGENI MGUNI & TIMOTHY LEWANIKA report