ANN BERNSTEIN: A dangerous budget built on weak assumptions
The economy can’t absorb endless tax increases and rising debt without consequences
28 March 2025 - 05:00
UPDATED 01 April 2025 - 11:12
The budget finally tabled on March 12 isn’t just disappointing — it’s dangerous. It marks a shift in fiscal strategy and sets SA on a riskier path, with more spending, more taxes and a series of questionable assumptions holding the numbers together.
This isn’t the budget that was supposed to be presented in February. That one was pulled at the last minute when the cabinet rejected the finance minister’s decision to raise VAT by two percentage points. ..
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