Keyword: budget 2012

Minister Nene's Budget 2015 Exposes South Africa's Poor Economic Policymaking Agenda

Picture: South Africa Ebrahim-Khalil Hassen - Finance Minister Nhlanhla Nene, in his inaugural budget speech, offers this piece of wisdom, “The challenge of governance is to choose wisely between competing alternatives.”  This takeaway statement is as true of Minister Nene’s inaugural budget speech, as it is about each of his predecessors. However, underlying these choices is deep polarisation in South Africa. On the one hand, mainstream commentators from financial institutions are praising a lower than expected...

How Our Government Should Plan & Budget for Our Future in an Era of Uncertainty

Picture: IMF & National Planning Commission Saliem Fakir - A sign of a government that cares about its citizens is reflected by the degree of effort it puts into thinking about the future rather than just the demands of the present. As South Africans we are not there yet, but we may be getting there soon. In October 2012, the National Treasury is looking to publish a document on long-term fiscal planning (LTFP). The idea was first mooted by Minister of Finance, Pravin Gordhan, in his October 25, Medium Term Budget Policy Speech last year. It...