Treasury’s spending clampdown could backfire, Sachs warns MPs
Government departments might merely delay spending until the 2024/25 fiscal year, 'generating perverse incentives' that would weaken state capacity, Wits professor says
29 February 2024 - 05:00
The Treasury’s imposition of a clampdown on government spending in 2023/24 could backfire if expenditure was simply delayed to the next fiscal year, Wits University professor Michael Sachs has warned.
Such a move would threaten the Treasury’s expenditure projections as outlined in the budget presented by finance minister Enoch Godongwana last week...
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