{"id":89810,"date":"2025-09-13T17:05:24","date_gmt":"2025-09-13T17:05:24","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-south-africas-finances"},"modified":"2025-09-13T17:08:51","modified_gmt":"2025-09-13T17:08:51","slug":"good-news-for-south-africas-finances","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-south-africas-finances","title":{"rendered":"Good news for South Africa\u2019s finances"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>South Africa is on track to attain the National Treasury\u2019s projected budget deficit for the current fiscal year, or achieve an even more-favourable outcome, due to restrained expenditure and healthier tax collections, BNP Paribas said.<\/p>\n<p>\u201cA combination of spending undershoots and revenue resiliency means that we think the National Treasury now looks on track to meet, or even beat, the main budget-deficit forecast,\u201d BNP Paribas analysts led by Jeffrey Schultz said in a note on Thursday.<\/p>\n<p>The Treasury anticipates a fiscal gap of 4.6% of gross domestic product for the year through March 2026. BNP Paribas previously projected a 4.9% deficit.<\/p>\n<p>While it\u2019s reasonable to expect some catch-up in state spending in the second half of the year, given delays caused by the late passage of the budget appropriations bill, a third of the fiscal year has already passed, and expenditure will be constrained by stricter financial regulations and tighter budgets under the nation\u2019s coalition government, the analysts said.<\/p>\n<p>The budget was twice rejected by some members of the coalition government, which was formed by the African National Congress after it lost its outright majority in last year\u2019s elections, because of proposals to increase value-added tax.<\/p>\n<p>A smaller deficit would be welcomed by investors and the Treasury, as it means less borrowing in a country where debt costs absorb 22% of revenue, squeezing out spending on health and education.<\/p>\n<p>Still, the analysts argue that fiscal consolidation may be hard to maintain in the coming years because economic growth will likely be lower than the Treasury\u2019s 1.6% forecast for next year and 1.8% in 2027.<\/p>\n<p>South Africa\u2019s economy is being hamstrung by structural constraints, including logistics bottlenecks and collapsing infrastructure. It now also faces a 30% tariff on some of its exports to the US.<\/p>\n<p>Finance Minister Enoch Godongwana will provide more details on the nation\u2019s fiscal metrics when he tables the medium-term budget update on 12 November.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. South Africa is on track to attain the National Treasury\u2019s projected budget deficit for the current fiscal year, or achieve an even more-favourable outcome, due to restrained expenditure and healthier tax collections, BNP Paribas said. \u201cA combination of spending undershoots and revenue resiliency means that we think the National Treasury now looks [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":89809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-89810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Good news for South Africa\u2019s finances - South Africa<\/title>\n<meta name=\"description\" content=\"South Africa is on track to attain the National Treasury\u2019s projected budget deficit for the current fiscal year, or achi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-south-africas-finances\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Good news for South Africa\u2019s finances\" \/>\n<meta property=\"og:description\" content=\"South Africa is on track to attain the National Treasury\u2019s projected budget deficit for the current fiscal year, or achi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-south-africas-finances\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-13T17:05:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-13T17:08:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1757770699.780504.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-south-africas-finances#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-south-africas-finances\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Good news for South Africa\u2019s finances\",\"datePublished\":\"2025-09-13T17:05:24+00:00\",\"dateModified\":\"2025-09-13T17:08:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-south-africas-finances\"},\"wordCount\":334,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-south-africas-finances#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1757770699.780504.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-south-africas-finances#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-south-africas-finances\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-south-africas-finances\",\"name\":\"Good news for South Africa\u2019s finances - 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