On Wednesday 1 November, Minister Enoch Godongwana will deliver the Medium-Term Budget Policy Statement (MTBPS) to Parliament. Fiscal policy can play a crucial role in fostering growth and development by ensuring the sustainable delivery of essential public services. Previous MTBPSs, as well as the latest National Budget, have shown National Treasury’s continued commitment to curbing spending on services, grants, and infrastructure. In anticipation of the MTBPS, over 100 Economists, CSOs, and researchers have rejected this austerity philosophy that cutting government spending will resolve the longstanding growth and social crises as well as the debt trajectory of our country. Instead, the fiscal framework needs to be used to advance inclusive development…
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