Finance Minister Pravin Gordhan released his mid-term budget to great fanfare. But what does the fine print tell us?
The big news coming out of the medium-term budget policy statement released by Ghordan this week was the sharp cuts to civil servants spending at the state's expense. These were widely welcomed, even if it was with an air of cynicism.
But it was the fine print from treasury that really shows whether the state is putting its money where it’s mouth is. What do allocations for health, education and social services tell us about the state’s priorities, and is it doing enough to implement the grand plans put forward in the National Development Plan?
On a macro level, what does the medium-term budget signal for future growth and job creation?
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