Economic Digest 43 – Budget 2024: Balancing what South Africans want and what South Africa needs by Kenny Pasensie
It may be Finance Minister Enoch Godongwana’s last budget speech, but it will certainly be his most impactful. His task is made even more difficult because South Africa will be going to the polls soon, forcing the Minister to walk a very fine line between maintaining fiscal credibility and finding the money to prioritise his party’s wishes. Let’s not forget that public budgeting is not only about fiscal prudency, but also inescapably political. Will he dip into the R500 billion contingency reserve or perhaps introduce a wealth tax?
Budget 2024- Balancing what South Africans want and what South Africa needs by Kenny Pasensie