Submission on the Revised Fiscal Framework and Revenue Proposals

The Institute for Economic Justice (IEJ) submitted a critique of the Revised Fiscal Framework and Revenue Proposals presented on 30 October 2024, arguing that the framework's focus on austerity and debt stabilisation undermines inclusive growth and poverty reduction in South Africa.

• The IEJ argues that the Revised Fiscal Framework prioritises debt stabilisation and austerity over the Government of National Unity’s (GNU) goals of inclusive growth and socioeconomic transformation, which the IEJ claims exacerbates inequality and hinders economic growth.
• The IEJ contends that government spending growth forecasted in the MTBPS is too low to keep up with population growth and inflation, resulting in decreased spending per citizen and risking the stifling of public employment and job creation.
• To address revenue shortages for government programs, the IEJ proposes specific fiscal measures including a wealth tax, the removal of tax benefits for high earners, and a review of the Corporate Income Tax rate.

APA

iej_admin (2024). Submission on the Revised Fiscal Framework and Revenue Proposals. Institute for Economic Justice. https://iej.org.za/resource/submission/submission_revised-fiscal-framework-and-revenue-proposals-submission/

Chicago

iej_admin. Submission on the Revised Fiscal Framework and Revenue Proposals. Institute for Economic Justice, 2024. https://iej.org.za/resource/submission/submission_revised-fiscal-framework-and-revenue-proposals-submission/.

Wikipedia

{{cite press release |last1=iej_admin |title=Submission on the Revised Fiscal Framework and Revenue Proposals |publisher=Institute for Economic Justice |date=4 November 2024 |url=https://iej.org.za/resource/submission/submission_revised-fiscal-framework-and-revenue-proposals-submission/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{iejadmin2024submission, author = {iej\_admin}, title = {{Submission on the Revised Fiscal Framework and Revenue Proposals}}, publisher = {Institute for Economic Justice}, year = {2024}, month = nov, url = {https://iej.org.za/resource/submission/submission_revised-fiscal-framework-and-revenue-proposals-submission/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }