Parliamentary submission responding to the MTBPS

The IEJ argues that South Africa's current fiscal strategy over-prioritizes stability and business confidence at the expense of poverty and inequality. The submission recommends replacing austerity with a developmental framework that includes increasing the Social Relief of Distress (SRD) grant to the Food Poverty Line, implementing a wealth tax, and reducing reliance on private finance for growth.

• The current fiscal strategy is characterized as a path of austerity that prioritizes stability and business confidence but fails to provide a credible strategy for economic expansion or to address poverty, employment, and inequality.
• The reduction of the Social Relief of Distress (SRD) grant has created an exclusionary process harming millions of vulnerable citizens; the IEJ recommends raising the grant to the Food Poverty Line.
• To fund a rights-based fiscal strategy, the IEJ proposes several resource-maximization measures, including the implementation of a wealth tax, addressing Illicit Financial Flows, reducing economic leakages, and using existing reserves for development.

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} }