A Policy Statement from the IEJ unpacking what should be included in Finance Minister Enoch Godongwana’s 2022 Medium-Term Budget Policy Statement (MTBPS) on 26 October 2022.
The ten priorities are:
- Shift the fiscal framework to tackle unemployment, poverty, and inequality;
- Protect public services;
- Improve the SRD grant as a step towards the implementation of a UBIG;
- Ensure that other grants are not hollowed out by inflation;
- Utilise recent windfall taxes and promote an equitable tax structure to mobilise the maximum available resources;
- Invest in social infrastructure and the care economy;
- Invest in economic infrastructure;
- Address the energy and climate crisis through a just energy transition;
- Increase funding to industrial policy sector-specific master plans; and
- Increase and improve processes for meaningful budget participation and transparency