Publications
Finance Minister Enoch Godongwana’s first budget was a feel-good one. There were no new taxes, corporate tax fell, the poor got income relief, and education, health, police services and prosecutors all got more money. At the same time, government cut its future borrowing plans, which will put public finances on a sounder footing for the future.
All of this was due to the R180 billion revenue overrun brought about by a boom in commodity prices. But while it felt good in the moment, the big question is: will it work?
