Light at end of tunnel, but wage bill could blow the budget

Finance Minister Enoch Godongwana’s maiden budget speech struck an upbeat tone this week, suggesting that the country’s fiscus would reach stability sooner than previously anticipated.

But a lot still hangs in the balance before the period of fiscal consolidation is brought to a close. Chief among those uncertainties is the size of the public sector wage bill and whether the government can keep it contained.

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Sarah Smit
Sarah Smit
Sarah Smit is a general news reporter at the Mail & Guardian. She covers topics relating to labour, corruption and the law.

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