Budget 2024 Parliamentary Submission

The Institute for Economic Justice (IEJ) criticizes the 2024 Budget from National Treasury for its continued reliance on austerity measures and private sector investment, arguing that these policies undermine public services, socio-economic rights, and climate change efforts.

• The IEJ reports that budget cuts totaling R270 billion between 2019/20 and 2026/27 are reducing per capita spending and threatening the quality of public services and socio-economic rights.
• The 2024 Budget is criticized for failing to generate sufficient revenue due to missed opportunities to tax high-income earners and address illicit financial flows;SS; the IEJ suggests restoring corporate income tax rates and reducing tax breaks for high earners to raiseSSS कर्1.
• The IEJ argues that the budget's emphasis on private sector investment and the pursuit of a primary budget surplus through austerity ignores the needs of vulnerable populations and hinders efforts to combat climate change and unemployment.

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} }