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2021 budget: Brace for impact

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Finance Minister Tito Mboweni delivers the much anticipated 2020 Budget Speech and related Bills in the National Assembly, Cape Town. Picture: Elmond Jiyane/GCIS
Finance Minister Tito Mboweni delivers the much anticipated 2020 Budget Speech and related Bills in the National Assembly, Cape Town. Picture: Elmond Jiyane/GCIS

BUSINESS

Financial experts agree that Wednesday’s budget speech will focus on corporate and income taxes, as the state battles to service its debt and fund the vaccine roll-out

With weak nominal GDP growth, wage bill pressures, a mass vaccination programme to fund and limited fiscal room to manoeuvre, analysts say corporate and income taxes will be the focal point of Finance Minister Tito Mboweni’s budget speech on Wednesday.

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