Godongwana’s budget injection of R150bn a debt reprieve
Profits on foreign reserves give budget some breathing room, but taxpayers will not get relief from bracket creep
21 February 2024 - 23:18
Finance minister Enoch Godongwana managed to set out a plausible path to halt SA’s public debt spiral with the help of profits on the foreign reserves, and this despite walking back from some of the spending cuts he pencilled in in November.
But he extracted an extra R18bn from individual taxpayers and kept spending growth at levels well below inflation over the next three years...
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