BUDGET PREVIEW
Green budget needed to launch SA on new path of sustainability
Course is not just a necessary and overdue response to climate change, but also involves a strong dose of self-interest
24 February 2020 - 10:55
There will be far too much red in the 2020 budget. Finance minister Tito Mboweni faces a downgrade threat from Moody’s, an expanding fiscal deficit, disappointing tax revenues and challenges in the parastatals, which are hungry for cash.
He cannot be unaware of the green tide of global action that is being mustered to stem the tsunami of climate change. After all, he attended Davos, where the politicians’ bluster was drowned out by the anguished cries of one Swedish schoolgirl, Greta Thunberg. This was a green Davos, and it must give rise to a green budget...
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