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
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

Have a Story? Send Us a tip
arrow up