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Budget 2025: Balancing growth and fiscal sustainability

The article from MSN discusses South Africa's Budget 2025, focusing on the delicate balance between fostering economic growth and ensuring fiscal sustainability. Finance Minister Enoch Godongwana presented a budget that aims to stimulate economic recovery while addressing the country's significant debt levels. Key points include a slight increase in social grants to combat poverty, investments in infrastructure to boost job creation, and a cautious approach to taxation to avoid stifling economic activity. The budget also outlines plans for reducing the fiscal deficit through expenditure cuts and exploring new revenue streams without overburdening taxpayers. Additionally, there is an emphasis on public-private partnerships to enhance service delivery and infrastructure development, alongside measures to stabilize state-owned enterprises like Eskom and Transnet, which are crucial for economic stability. The overarching theme is a strategic approach to manage the country's finances amidst global economic uncertainties and domestic challenges.

Read the Full MSN Article at:
[ https://www.msn.com/en-za/politics/government/budget-2025-balancing-growth-and-fiscal-sustainability/ar-AA1z0SEc ]