Tomorrow, 23 February, Finance Minister Enoch Godongwana will table the 2022 national budget – his maiden speech, and the first post-crisis budget. There is widespread consensus on the need for inclusive growth and job creation, and the Budget Justice Coalition (BJC) strongly believes that economic recovery and a pro-poor budget can co-exist. However, the regression Read more >
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On 21 October 2020, the Budget Justice Coalition (BJC) tabled Imali Yesizwe (Our Nation’s Money), an alternative human rights budget. The BJC acknowledges that the budget and budget processes are critical to the advancement and protection of human rights. Civil society organisations working in sectors such as health, education, local government and social development have Read more >
15 October 2020 On Wednesday 21 October 2020, the Budget Justice Coalition (BJC) will table Imali Yesizwe (Our Nation’s Money) – an alternative, people’s budget based on human rights. BJC anticipates that the medium term budget policy statement, now due to be tabled by Finance Minister Tito Mboweni on 28 October 2020, will accelerate the Read more >
The supplementary budget announced by Minister of Finance Tito Mboweni on 24 June 2020, including a revised fiscal framework and spending plans, reveals that only R36-billion of the much lauded R500-billion economic relief package is new money allocated in the fiscus this financial year. According to Budget Justice Coalition (BJC), this is not even close Read more >
The 2020 budget proposals risk further harm to the economy by slashing funding for socio-economic development. The minister of finance, Tito Mboweni began his 2020 budget speech with a return to the analogy of the resilient aloe ferox that “survives and thrives when times are tough”. The Budget Justice Coalition (BJC) contends that while the Read more >
First published by SA News National Treasury has availed an additional R2.4-billion for utilisation by the National Prosecuting Authority (NPA), Special Investigating Unit (SIU) and the Hawks, as the government intensifies its war against crime and corruption. Delivering the 2020 Budget on Wednesday, Finance Minister Tito Mboweni said these funds would enable the appointment of Read more >
Nhlanhla Nene’s resignation as finance minister has been accepted by President Cyril Ramaphosa. Former Reserve Bank governor Tito Mboweni was announced as the new finance minister on Tuesday, following a week of speculation over the fate of Nene. For one, this means that the medium-term budget statement will be presented by South Africa’s third finance Read more >
A lot can happen in a political year, and anyone holding Finance Minister Pravin Gordhan’s last two budget speeches side by side can see evidence of this. Gordhan presented his 2016/17 budget under extreme political pressure on Wednesday – amid some speculation that it may very well be his last – and thus it lacked Read more >
Finance Minister Pravin Gordhan says government seeks to stop corruption, waste and the continued bailout of state-owned entities (SOEs). He delivered his much anticipated budget speech on Wednesday, amid cynicism over the economy. Gordhan also defended a measure undertaken by Treasury to review all contracts above R10- million. Earlier in the day, Treasury had released Read more >