Budget 2024 Parliamentary Submission

The IEJ argues that Budget 2024 continues a trend of austerity, with R270 billion in budget cuts between 2019/20 and 2026/27 threatening public services and socio-economic rights. The submission highlights declining spending on healthcare and education, inadequate social grant increases relative to inflation, and a flawed reliance on private sector investment to address unemployment and climate change. The IEJ recommends reversing budget cuts, increasing public investment in infrastructure, and raising revenue by taxing high-income earners and restoring corporate income tax rates.

• Budget cuts totaling R270 billion between 2019/20 and 2026/27 are reducing per capita spending and jeopardizing the quality of public services and socio-economic rights.
• The budget's emphasis on private sector investment is viewed as an inadequate substitute for public investment in combating climate change and reducing unemployment.
• The National Treasury has missed opportunities to increase revenue through the taxation of high-income earners and the mitigation of illicit financial flows.

APA

iej_admin (2024). Budget 2024 Parliamentary Submission. Institute for Economic Justice. https://iej.org.za/resource/submission/budget-2024-parliamentary-submission/

Chicago

iej_admin. Budget 2024 Parliamentary Submission. Institute for Economic Justice, 2024. https://iej.org.za/resource/submission/budget-2024-parliamentary-submission/.

Wikipedia

{{cite press release |last1=iej_admin |title=Budget 2024 Parliamentary Submission |publisher=Institute for Economic Justice |date=5 March 2024 |url=https://iej.org.za/resource/submission/budget-2024-parliamentary-submission/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{iejadmin2024budget, author = {iej\_admin}, title = {{Budget 2024 Parliamentary Submission}}, publisher = {Institute for Economic Justice}, year = {2024}, month = mar, url = {https://iej.org.za/resource/submission/budget-2024-parliamentary-submission/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }