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1 Medium Term Expenditure Framework Guidelines preparation of Expenditure Estimates for the 2013 Medium Term Expenditure Framework National Treasury August 2012 2 A SPECIAL MESSAGE FROM THE MINISTERS COMMITTEE ON THE BUDGET A risky global economic environment The global economic and financial crisis is becoming more serious. The crisis and the accompanying slow and uncertain economic recovery will be with us for some years. South Africa's growth is slowing and revenue collections will be negatively affected.
1 Medium Term Expenditure Framework Guidelines Preparation of Expenditure Estimates for the 2013 Medium Term Expenditure Framework National Treasury
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