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The 2020 austerity Budget: politically reckless, economically illogical

The 2020 austerity budget is politically reckless and socially and economically destructive.

The Budget ignores the damage caused by austerity policies globally, their failure to meet stated objectives, and South Africa’s own experience in which real economic gains – in growth and jobs – were made in the mid 2000s, a period of expansionary fiscal and monetary policies, and investment in economic and social infrastructure.