Governments are currently busy, or will be soon, preparing annual budgets that will be tabled in the months to come. The fiscal health and prospects of the provinces and federal government vary significantly. Whatever political, economic and social objectives they wish to pursue, in setting their budgets, ministers of finance are constrained by the tax, expenditure and public debt obligations that have been previously established and the always uncertain economic developments which will determine future revenue growth and expenditure obligations. They must set their own priorities for the coming years in the face of uncertain revenue prospects and existing financial constraints on the actions they can take.
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