{"query_echo":{"q":"","filters":{"analysis_type":["macroeconomic critique"]},"warnings":[{"code":"facet_value_not_in_vocabulary","message":"Value 'macroeconomic critique' for facet 'analysis_type' is not in the controlled vocabulary."}]},"total":{"value":1,"relation":"eq"},"page":1,"page_size":20,"self":"https://climateinsightsdirectory.org/api/v1/search?analysis_type=macroeconomic+critique","stability":"beta","ai_marking":{"digital_source_type":{"uri":"http://cv.iptc.org/newscodes/digitalsourcetype/trainedAlgorithmicMedia","name":"Created using Generative AI"},"notice":"Summary and key insights are generated using artificial intelligence."},"results":[{"id":"iejza-000122","url":"https://climateinsightsdirectory.org/document/iejza-000122","title":"From Stability to Full Employment: A transformative agenda for Budget 2026","publisher":{"name":"Institute for Economic Justice","organization":"institute-for-economic-justice"},"document_type":"briefing","language":"en","date_published":"2026-02-23","source_url":"https://iej.org.za/wp-content/uploads/2026/02/Briefing-Note-Pre-Budget-2026.pdf","generator":"Climate Insights Directory","generated_fields":["summary","key_insights","climate_tags","analysis_type"],"summary":{"text":"The Institute for Economic Justice (IEJ) calls for a radical shift in South Africa's fiscal policy for Budget 2026, arguing that current priorities of debt stabilization and primary surpluses fail to address mass unemployment and poverty. The briefing proposes a 'full employment agenda' driven by progressive taxation, the mobilization of public assets like the Government Employees Pension Fund (GEPF), and a significant increase in public investment in infrastructure and social services. Key recommendations include implementing a universal basic income grant, adopting a dual policy rate regime via the South African Reserve Bank (SARB) to lower capital costs for development, and pursuing climate-responsive green industrialization. The IEJ warns that without such transformative changes, the economy will not absorb the growing labour force, leaving unemployment rates above 40%.","ai_generated":true,"unit":"iejza-000122#summary","date_modified":"2026-10-23"},"key_insights":[{"text":"Current fiscal policies prioritizing debt stabilization and primary surpluses are insufficient to address structural crises, as the economy's low labour force absorption rate means that even creating 5 million jobs over 10 years would leave 2.5 million more people unemployed than today, keeping unemployment above 40%.","ai_generated":true,"unit":"iejza-000122#insight-1","date_modified":"2026-10-23"},{"text":"The government can expand its fiscal space through progressive taxation of high-net-worth individuals and large corporations, revising the resource tax framework for climate goals and local beneficiation, and mobilizing assets from the Government Employees Pension Fund (GEPF).","ai_generated":true,"unit":"iejza-000122#insight-2","date_modified":"2026-10-23"},{"text":"Municipal revenue collection is a significant untapped resource, with consumer debt exceeding R400 billion and collection rates averaging around 70%, well below the 95% benchmark.","ai_generated":true,"unit":"iejza-000122#insight-3","date_modified":"2026-10-23"},{"text":"To meaningfully reduce poverty and unemployment, South Africa requires GDP growth of 5-6% for a decade, supported by at least R1 trillion in cheap development financing from the SARB and Multilateral Development Banks (MDBs).","ai_generated":true,"unit":"iejza-000122#insight-4","date_modified":"2026-10-23"},{"text":"The South African Reserve Bank (SARB) should adopt a dual policy rate regime to balance domestic demand and lower the cost of capital for development, while being mandated to recapitalize public banks like the DBSA and IDC.","ai_generated":true,"unit":"iejza-000122#insight-5","date_modified":"2026-10-23"},{"text":"The document advocates for a permanent, adequate basic income grant for all working-age adults to complement existing social protection, noting that 66.7% of people remain in poverty and 17.8 million are food insecure.","ai_generated":true,"unit":"iejza-000122#insight-6","date_modified":"2026-10-23"},{"text":"Public investment has declined as a share of GDP since 2014, leading to critical shortages in health and education; for example, the number of doctors per 1,000 people fell from 0.79 in 2019 to 0.54 in 2025.","ai_generated":true,"unit":"iejza-000122#insight-7","date_modified":"2026-10-23"},{"text":"The government should use the National Budget to drive green industrialization through local procurement, a just transition municipal package, and increased local beneficiation.","ai_generated":true,"unit":"iejza-000122#insight-8","date_modified":"2026-10-23"}],"climate_tags":["energy transition","climate finance","just transition","low-carbon economy"],"geography_discussed":[],"frame_perspective":[],"analysis_type":["policy recommendation","fiscal analysis","macroeconomic critique"]}]}