Statement | Budget 2.0: An opportunity for Parliament to work towards a pro-poor budget

Statement | Budget 2.0: An opportunity for Parliament to work towards a pro-poor budget

South Africa’s 2024 budget acknowledges austerity’s failure but does not fully reverse its impact. Small spending increases and VAT hikes place undue burdens on lower-income households, while debt stabilisation remains the priority. Parliament must now push for amendments that prioritise job creation, social protection, and inclusive economic growth.