How Consultation Improved South Africa’s Latest Budget Process

Summary

Deputy Finance Minister Ashor Sarupen recently shared insights into how South Africa’s budget was created through a more consultative process. This new approach involved discussions with various stakeholders to better understand the country’s financial needs and priorities. The government aims to maintain a primary surplus, which means spending less than it earns, to strengthen the economy and reduce debt. Public-private partnerships are being encouraged to help develop infrastructure projects more efficiently and overcome existing regulatory challenges. These improvements are expected to accelerate the building of necessary facilities and create jobs for South Africans. Overall, the focus on better consultation and partnerships should lead to a stronger and more transparent budget that supports growth and stability.