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Written submission on the 2023 Fiscal Framework and Revenue Proposals
The Institute for Economic Justice (IEJ) submitted a critique of South Africa's 2023 Budget Review, arguing that the fiscal framework prioritizes debt stabilization and austerity over the realization of socio-economic rights. The IEJ contends that cuts to public services, the failure to protect social grants from inflation, and the conditions attached to Eskom's debt relief exacerbate poverty and inequality. The submission calls for a new macroeconomic framework targeting unemployment and poverty, the implementation of a permanent basic income support system, and the use of progressive taxation to create fiscal space for public investment.
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Document type: Report