EDITORIAL: Godongwana’s fiscal anchor seems dead in the water
A discussion document on fiscal policy meant to ease government debt seems doomed amid a lack of genuine support by the ANC
27 March 2025 - 05:00
It has been just over a year since finance minister Enoch Godongwana mooted the idea of a fiscal rule. Such a concept, sometimes known as a fiscal anchor, is designed to cap government borrowing.
In his medium-term budget in October, Godongwana promised a discussion document on the topic. The minister, who declared himself to “have no qualms with a fiscal anchor (https://url.za.m.mimecastprotect.com/s/aDgrCy8A0GujDk96TZfnUxzuPU?domain=dailymaverick.co.za/)”, has become a victim of his own ideological consistency in a political environment that scythes through incumbent ideas. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is free to read if you sign up or sign in.
If you have already registered or subscribed, please sign in to continue.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.