<\/p>\n
In the intricate process of budget formulation and the balance between projected revenues, expenditures, and borrowing costs is often treated as a precise science. However, beneath this veneer of rationality lies a far more unpredictable force: the psychology of markets.<\/p>\n
Keynes’s concept of animal spirits reveals that economic decisions are rarely based solely on cold, hard facts – they are driven by instinct, emotion, and sometimes irrational exuberance. A country’s budget, therefore, isn’t just…<\/p>\n<\/div>\n
Read more on AllAfrica.com<\/a> In the intricate process of budget formulation and the balance between projected revenues, expenditures, and borrowing costs is often treated as a precise science. However, beneath this veneer of rationality lies a far more unpredictable force: the psychology of markets. Keynes’s concept of animal spirits reveals that economic decisions are rarely based solely on cold, […]<\/p>\n","protected":false},"author":11,"featured_media":195402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[723],"tags":[258,256,6080,4356,724,9052,257,10797,7114,7349,15134,254],"class_list":["post-195401","post","type-post","status-publish","format-standard","has-post-thumbnail","category-namibia","tag-africa","tag-africa-news","tag-budget","tag-market","tag-namibia-news","tag-namibias","tag-news","tag-outlook","tag-realities","tag-risks","tag-sentiment","tag-south-africa-today"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/195401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=195401"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/195401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/195402"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=195401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=195401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=195401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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South Africa Today Africa \u2013 Southern Africa Namibia<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"