EDITORIAL: Austerity a bitter pill for France to swallow
However unpopular, citizens have to take responsibility for the national debt
10 December 2024 - 05:00
Austerity budgets, however much needed to return the focus of heavily indebted countries to fiscal sustainability, are never popular. It is easy for opposition parties to reject such budgets to retain their electoral support rather than responsibly advocating support for them, but this populism is not in the national interest.
This scenario, which we have seen play out in SA when opposition parties rejected the government’s policy of fiscal consolidation and debt reduction, repeated itself in France last week. ..
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