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Revised Fiscal Framework and Revenue Proposals
The Institute for Economic Justice (IEJ) submitted a report to the South African Standing and Select Committees on Finance criticizing the Medium-Term Budget Policy Statement (MTBPS) for continuing a path of austerity. The IEJ argues that the government should shift from a narrow focus on debt stabilization to a development-focused budget that prioritizes growth, employment, and poverty reduction. The report proposes specific revenue-raising measures, such as wealth taxes and utilizing the GFECRA surplus, and calls for the restructuring of Eskom's debt to facilitate a just energy transition.
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Document type: Report