South Africa maintains fiscal targets despite Iran war
National Treasury Director-General Duncan Pieterse says the country remains on track to meet its fiscal objectives despite regional instability. Recent primary surpluses and a multi-year public sector wage deal provide buffers against inflation and external shocks.
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South Africa will maintain its fiscal targets despite the Middle East conflict, National Treasury Director-General Duncan Pieterse said. The government achieved its third consecutive primary surplus of 1.1% of GDP for the fiscal year ending March, exceeding the 0.9% budget estimate. The Treasury aims to demonstrate its credibility by meeting these objectives during periods of global stress.
