Three months, three budgets, third time lucky. The question is whether what is put before the house on May 21 is credible, and if it establishes the urgently needed foundation to free SA from its daily R1bn debt repayment trap. 

Budget 3.0 must have fiscal credibility. Fortunately, the National Treasury enjoys confidence globally because it implements what it says it will do and ensures departments comply with spending plans. This has already benefited SA — the potential blowback after the unprecedented postponement of the February 19 budget turned out to be no more than a blip. ..

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