Parliamentary submission responding to the MTBPS

The Institute for Economic Justice (IEJ) submitted a parliamentary response to the Medium-Term Budget Policy Statement (MTBPS), arguing that South Africa's current fiscal strategy prioritizes stability and business confidence over growth, employment, and poverty reduction.

• The IEJ argues that the current fiscal strategy of austerity lacks a credible plan for economic expansion and equitable resource distribution, failing to sufficiently address poverty, inequality, and employment.
• The IEJ recommends increasing the Social Relief of Distress (SRD) grant to the Food Poverty Line to counter an exclusionary process that negatively impacts millions of vulnerable citizens.
• To fund a rights-based fiscal strategy, the IEJ proposes several measures: implementing a wealth tax, addressing Illicit Financial Flows, reducing economic leakages, and using existing reserves for developmental projects.

APA

iej_admin (2023). Parliamentary submission responding to the MTBPS. Institute for Economic Justice. https://iej.org.za/resource/submission/parliamentary-submission-revised-fiscal-framework-and-revenue-proposals/

Chicago

iej_admin. Parliamentary submission responding to the MTBPS. Institute for Economic Justice, 2023. https://iej.org.za/resource/submission/parliamentary-submission-revised-fiscal-framework-and-revenue-proposals/.

Wikipedia

{{cite press release |last1=iej_admin |title=Parliamentary submission responding to the MTBPS |publisher=Institute for Economic Justice |date=8 November 2023 |url=https://iej.org.za/resource/submission/parliamentary-submission-revised-fiscal-framework-and-revenue-proposals/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{iejadmin2023parliamentary, author = {iej\_admin}, title = {{Parliamentary submission responding to the MTBPS}}, publisher = {Institute for Economic Justice}, year = {2023}, month = nov, url = {https://iej.org.za/resource/submission/parliamentary-submission-revised-fiscal-framework-and-revenue-proposals/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }