Mmegi

Technocrats struggle to hammer budget figures together

On the numbers: New Finance Ministry permanent secretary, Kganetsano,
 recently detailed the challenges involved in making revenue forecasts
On the numbers: New Finance Ministry permanent secretary, Kganetsano, recently detailed the challenges involved in making revenue forecasts

The estimates for revenues due to be made on Monday are built on precarious ‘best case’ scenarios. The figures, as well as spending priorities, have been the subject of much back and forth at high levels of the Finance Ministry in the last three months, writes MBONGENI MGUNI

The 2025-26 budget estimates released in December are just that – estimates. The figures are precariously based on best, worse and base case scenarios for key revenue lines such as mining, Southern African Customs Union (SACU) receipts and other taxes.

These revenue lines and their forecasts have been volatile in the past year and going forward, are difficult to accurately gauge.

Editor's Comment
Public servants deserve better than union infighting

‘The strongest bond of human sympathy outside the family relation should be one uniting working people of all nations and tongues and kindreds’.- Abraham LincolnUntil then, the Council’s operations remain suspended, delaying critical decisions affecting thousands of public sector employees.The current standoff is between the Manual Workers Union on one side and the Six Cooperating Trade Unions, namely BONU, BOPEU, BTU, BDU, BOSETU and...

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