Budget proposals we're tablibg today are more than just numbers...
Wednesday, March
19, 2025
The 2025/26 Provincial Budget proposals that we are tabling today are not mere abstract numbers but are intended to address the lived realities of millions, the silent struggles of our youth and the deferred dreams of generations who placed their faith in our democracy. This budget we wish to demonstrate our commitment to fiscal prudence, economic revitalisation, and sustainable development. It is not about making easy choices, but the right ones-choices that will lay the foundation for a thriving economy, a vibrant democracy and a province in which every individual can prosper. In 2024, the economy grew by only 0.6 per cent as per the Stats SA Gross Domestic product (GDP) report. Minister Godongwana, during his delivery of the 2025 Budget Speech, indicated that over the medium term, GDP growth is projected to. avarage 1.8 per cent. The anticipated recovery is expected to be driven and supported by improved invester confidence, stable electricity supply, lower interest rates and declining risk premium...
[Read more] [Re-Tabling of 205/26 Provincial Budget]