Budget Date Set For 22nd February

10.02.2023 by the Nolands Team

The Minister of Finance, Mr Enoch Godongwana, will deliver the National Budget Speech on 22 February 2023. As usual, the budget allocation always aims to strike a balance between competing national spending priorities and limited resources.

This budget promises to be a tough balancing act, with little or no wiggle room. The following key areas need to be addressed:

municipal finances
government spending priorities and what these should be
addressing a large budget deficit
stabilising State-Owned Entity finances
managing the energy crisis
tax revenues
debt sustainability

We will keep you informed on all relevant budget announcements.