Budget date set for 22nd February

Written on 02/06/2023
MJ Minter Inc

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.