South Africa has embarked on its most politically ambitious consolidation of government finances since 1994. The consolidation will be the most challenging to implement and sustain over the five-year timetable set by the treasury. The biggest challenge arises from the government’s failure to mobilise citizens and build a strong political coalition in support of the deep cuts in public expenditure.
Consolidating government finances is a tall order
We make it make sense
If this story helped you navigate your world, subscribe to the M&G today for just R30 for the first three months.
Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”
WELCOME TO YOUR M&G
Already a subscriber? Sign in here