Maile calls for fiscal discipline while announcing Gauteng budget

By Johnathan Paoli

Fiscal discipline is the cornerstone of Gauteng’s economic strategy, according to finance and economic development MEC Lebogang Maile.

Delivering the province’s Medium-Term Budget Policy Statement (MTBPS) on Tuesday, the MEC called for budget reprioritisation, efficiency gains and strategic trade-offs to address the province’s constrained revenue streams.

He said the government’s focus would be on fiscal discipline, efficient resource allocation and innovative partnerships to bolster sustainability and inclusive growth.

“Fiscal discipline requires that governments maintain fiscal positions that are consistent with macroeconomic stability and sustained economic growth,” he said.

Maile urged provincial departments to explore alternative funding sources, including public-private partnerships, donor contributions and development finance, to enhance fiscal sustainability.

“Public-private partnerships will be key not only for delivering infrastructure but also for stimulating the economy and creating jobs,” Maile said.

He underlined the importance of leveraging these partnerships to fund critical projects efficiently and sustainably.

The MEC