The President reminded us that even as we face steep and daunting challenges, like we have done in the past, we will overcome.
To do so, we need to strike a critical balance between saving lives and livelihoods, while supporting inclusive growth. This budget presents this balance.
Our economic recovery has been un-even and risks remain high. We must proceed with caution.
In the 2021 MTBPS we committed ourselves to charting a course towards growth and fiscal sustainability. This budget reasserts this commitment. It narrows the budget deficit and stabilizes debt.
It also extends income and employment support to the most vulnerable, , addresses service delivery shortcomings and provides tax relief.
However, these interventions cannot replace the structural changes our economy needs. Difficult and necessary trade-offs are required.
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