Why South Africa cannot let this crisis go to waste
The postponement of the 2025 budget has created a rare opportunity for the GNU to design more democratic budget processes and develop lasting fiscal solutions
27 February 2025 - 05:00
The National Treasury has suffered the indignity of having its 2025 budget rejected by the cabinet on the very day of the budget, but it is possible the fallout could lead to a strengthening of the country’s fiscal architecture and more decisive policymaking. It could even accelerate the pace of economic reform.
Consider, for starters, that the cabinet is now being forced to confront the disparity between its expansive policy agenda and the country’s limited means. It has no choice but to make the harsh policy trade-offs that have long been put off...
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