South African budget to set out 'tough' measures to repair post
Cyril Ramaphosa
JOHANNESBURG (Reuters) - South Africaâs finance ministry is set to spell out âtough decisionsâ in its 2018 budget on Wednesday to plug a revenue gap and narrow the deficit  providing an early look at  how new President Cyril Ramaphosa  plans to repair the ailing economy.
Finance Minister Malusi Gigaba  whose position is uncertain now amid talk of an imminent reshuffle by  Ramaphosa   sent shock waves through financial markets last October when  he  announced the projected revenue shortfall and flagged weak growth estimates and rising government debt.
Though it remained to be seen whether Gigaba would be the one tabling the budget in parliament on Wednesday   his  spokesman indicated there was no stepping back from tough measures which have also been emphasized by  Ramaphosa .
In his maiden state of the nation address on Friday  a day after his election as president by parliament   Ramaphosa  also warned of tough decisions to reduce the fiscal deficit and stabilize debt after years of weak growth.
 Ramaphosa  took over after Zuma stepped down on orders of the ruling African National Congress (ANC) ending nine years of office plagued by corruption allegations and economic mismanagement.
FILE PHOTO: Finance Minister Malusi Gigaba speaks to members of the media at Parliament before the State of the Nation Address by South African president Cyril Ramaphosa in Cape Town  February 16  2018. REUTERS/Sumaya Hisham/File Photo
JOHANNESBURG (Reuters) - South Africaâs finance ministry is set to spell out âtough decisionsâ in its 2018 budget on Wednesday to plug a revenue gap and narrow the deficit  providing an early look at   [TGT] plans to repair the ailing economy.
Finance Minister Malusi Gigaba  whose position is uncertain now amid talk of an imminent reshuffle by   [TGT] sent shock waves through financial markets last October when   [TGT]   announced the projected revenue shortfall and flagged weak growth estimates and rising government debt.
Though it remained to be seen whether Gigaba would be the one tabling the budget in parliament on Wednesday    [TGT]   spokesman indicated there was no stepping back from tough measures which have also been emphasized by  Ramaphosa .
In  [TGT]  maiden state of the nation address on Friday  a day after  [TGT]  election as president by parliament    [TGT] also warned of tough decisions to reduce the fiscal deficit and stabilize debt after years of weak growth.
  [TGT] took over after Zuma stepped down on orders of the ruling African National Congress (ANC) ending nine years of office plagued by corruption allegations and economic mismanagement.
FILE PHOTO: Finance Minister Malusi Gigaba speaks to members of the media at Parliament before the State of the Nation Address by South African president Cyril Ramaphosa in Cape Town  February 16  2018. REUTERS/Sumaya Hisham/File Photo