Another pivotal budget
19 February 2024
This week's Budget Speech is unlikely to be a feel-good affair, despite the looming election. The focus is likely to be on a sober analysis of the country's fiscal path. In particular, it will reiterate the importance of stabilising the government's debt level and speeding up reforms that raise the country's growth rate. Though these measures will take time to implement, they do act as an anchor on local bond valuations.