2025 Budget Speech: What to expect
- Wits University
Economists from the Wits School of Economics and Finance look at the potential outcomes of the Budget Speech, including fiscal consolidation and tax increases.
Ahead of Finance Minister Enoch Godongwana's 2025 Budget speech, a panel of economists deliberated on the potential outcomes of the Budget, including the impact of fiscal consolidation and tax increases, during a 2025 Budget Speech Seminar, hosted by the Wits School of Economics and Finance.
Citing the 2024 International Monetary Fund (IMF) South Africa Article IV Consultation, IMF senior resident representative Tidiane Kinda posited that safeguarding fiscal sustainability was crucial, with more ambitious fiscal consolidation required to turn the trajectory of the country’s high debt, now at about 75% of GDP, strongly downward.
He pointed out that high interest payments were limiting priority spending on education, healthcare and infrastructure, among other priority areas.
Read the full article on Polity.org.za.