PETER BRUCE: Budget is simply a return to fiscal conservatism. Big deal, but what about jobs?

📆 2022/03/02 22:04:00

South Africa News News

South Africa Latest News,South Africa Headlines

📆 2022/03/02 22:04:00
📰 BDliveSA

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 63%

There is no signal of a change in government attitude to the way we make money and create growth

We are easily pleased. Finance minister Enoch Godongwana won universal approval for his budget last week. He used the resource-based revenue windfall to claw back pressure on debt and to extend the R350-a-month social relief package for another year. He cut company tax from 28% to 27%. He signalled no more bailouts for state-owned companies. He signalled a conservative new public sector pay doctrine.

Everyone I talk to is so pleased I almost hate to disagree. But for me the budget is simply a return to the fiscal conservatism we used to create a budget surplus between 1994 and 2007. Good. What took you so long? But there’s no signal in government of a change in attitude to the way we make money and make growth happen...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PODCAST: Gwede Mantashe’s ‘new big thing’Senior UCT researcher Jesse Burton guides Peter Bruce through the risks associated with using gas as a transitional fuel as we move from coal to renewables by 2050
Read more »

PODCAST | Gas is to Gwede what diamonds are to girlsResearcher Jesse Burton takes Peter Bruce through the risks associated with using gas as a transitional fuel
Read more »