THE one number financial markets will be looking out for is the budget deficit the Government is projecting for next year. At a time when rising indebtedness has been a global concern, a message of a reduction in the fiscal deficit will soothe the nerves of currency and bond traders.
The expectation is that the fiscal deficit will shrink to 3% next year, with many expecting the deficit to reach 3.1% for 2016 although the actual figure in the first half of the year has raised some eyebrows.
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