Fiscal policy in the 1990s

Abstract

The story of fiscal policy in South Africa during the 1990s is one of a marked turnaround. In the early parts of the 1990s, South Africa seemed to be heading for serious fiscal problems. However, by the end of a decade that was marked by a global review of the economic role of governments, a sweeping political transition, several adverse shocks to the South African economy and its reintegration into a globalising world economy.