Godongwana has little room to move in the budget, say economists
New plan must balance fiscal discipline with rising social spending while avoiding costly new commitments
14 February 2025 - 05:00
Economists anticipate a conservative 2025 budget from finance minister Enoch Godongwana next week, with no major tax hikes beyond indirect levies and only limited support for struggling state-owned enterprises Transnet and Eskom.
The economists polled by Business Day said they hope for realistic revenue forecasts, a stronger drive to reduce debt, pro-growth policies and a clear, long-term strategy for struggling state-owned entities (SOEs) — instead of another round of short-term relief...
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