THEBE MABANGA
AND SO a budget for extraordinary times had to evoke biblical metaphors, from the Yiddish Tale of King Solomon “this too shall pass” to the Book of Matthew “Enter through the Narrow Gate”.
Finance Minister Tito Mboweni presented what is arguably the most challenging budget in the democratic South Africa and certainly the most complex since the adoption of the new fiscal framework including the Medium Term Expenditure Framework (MTEF), adopted as part of the Growth Employment and Redistribution (Gear) policy.
How ironic, and probably apt, that it is the 1996 Class Project faction of the ANC in charge to navigate through an economic crisis and use tools like a supplementary or emergency budget.
The kind of tools, like insurance or the gas masks or floating vests in airplanes, which you keep handy but hope to never use.
The supplementary budget feels like an austerity budget at time
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
