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Johannesburg - National Treasury said on Friday it was committed to the fiscal path stated in the budget, after Fitch ratings agency changed the country's outlook to negative from stable.
In a statement, it said: "Fitch’s concerns about growth arise partly from the strike that has affected part of the mining sector. Efforts to bring an end to the strike continue and government has called on all parties to seek an end to the deadlock."
Government is "alive to the growth challenges South Africa faces", said Treasury.
"We are committed to the fiscal path and expenditure ceiling. While short term cyclical factors might cause marginal deviations from targets, we will not deviate from the long term trajectory."
Fitch affirmed South Africa credit rating at BBB but raised concerns about the poor growth outlook and persistent budget shortfalls that force the government to borrow more and push out plans for more sustainable spending.
In a statement, it said: "Fitch’s concerns about growth arise partly from the strike that has affected part of the mining sector. Efforts to bring an end to the strike continue and government has called on all parties to seek an end to the deadlock."
Government is "alive to the growth challenges South Africa faces", said Treasury.
"We are committed to the fiscal path and expenditure ceiling. While short term cyclical factors might cause marginal deviations from targets, we will not deviate from the long term trajectory."
Fitch affirmed South Africa credit rating at BBB but raised concerns about the poor growth outlook and persistent budget shortfalls that force the government to borrow more and push out plans for more sustainable spending.
