Moody’s expects South Africa’s coalition government to compromise on the budget, focusing on fiscal consolidation. Despite previous delays and opposition, negotiations continue to ensure budget approval with fiscal discipline intact.
Moody’s anticipates that South Africa’s coalition government will achieve a compromise necessary for the passage of the budget while maintaining a commitment to fiscal consolidation. The ratings agency indicated this stance in a comment issued on March 17.
In summary, Moody’s projection signals confidence that the Government of National Unity will navigate internal disagreements to approve the budget, particularly emphasizing the importance of fiscal discipline. Continued discussions among political parties may alter specific fiscal measures, yet the commitment to fiscal consolidation is expected to endure as a guiding principle.
Original Source: money.usnews.com
