Tag: Gold and Foreign Exchange Contingency Reserve Account (GFECRA)

Catherine Wijnberg | CEO | Fetola | mail me | The 2024 budget speech was a fine balancing act between stabilising the country’s debt burden...

Committing to maintaining sustainable public finances proves to be challenging amidst a geopolitically tense global environment, less favourable growth in the global economy, and persistent energy and logistics obstacles locally. These factors collectively jeopardise government revenue growth, widen the budget deficit, and increase the country's debt ratio.

The 2024 Budget was tabled to Parliament on 21 February 2024 by South African Finance Minister Enoch Godongwana. Tax Pocket Guide Honourable Speaker, Nosiviwe Mapisa-Nqakula His Excellency,...