IFP Budget Expectation Statement: Minister Godongwane Must Steer Away from the ANC’s Disastrous Gamble with SA’s Future

Oct 31, 2023 | Press Releases

Tomorrow, with the Minister of Finance, Enoch Godongwana set to unveil the Budget, we vehemently denounce the ANC’s persistent mismanagement and failure to drive effective economic transformation.

The time for empty promises and hollow speeches is over. South Africa demands concrete action, genuine reform, and a government that prioritizes its people over the ANC.

We cannot afford another Budget hinged on elusive miracles and empty promises. The ANC has continually neglected the pressing needs of our economy, rendering their pledges of prosperity hollow and meaningless.

We caution the Minister not to deliver an “election-friendly miracle budget” as we head to the polls in 2024. The Minister has previously said that we don’t have money and soon all the funds will dry up.

The fundamentals of this Budget must address the fact that South Africans are unable to put food on the table as the cost of living is steadily increasing. Social relief would assist the most vulnerable.

We caution the ANC not to continue promising people more money in terms of grant funding, as much as the IFP supports the various grants given to the most vulnerable people, we believe these should be interim measures, as this is not sustainable.

People need a hand-up and not a hand-out.

This Budget will fall short if it fails to increase the allocations made to departments and local governments, as this is where communities can see tangible changes in their lives.

Minister Godongwane needs to take decisive action on then economic crisis plaguing our country, we therefore call on the Minister to express his full support for the partial privatisation of State-Owned Enterprises (SOEs) and the urgency to bolster infrastructure development, especially in rural areas.

South Africa cannot afford to pour more funds into sinking ships. It’s time to privatize and revitalize.

The ANC’s lack of foresight and accountability is leading us down a path of continuous financial ruin.

In a bid to invigorate the local economy and ensure sustainable growth, the IFP continues to demand the expansion of the Municipal Infrastructure Grant (MIG) and the establishment of a new local economic development grant aimed at empowering rural communities.

Inkosi Mzamo Buthelezi MP
IFP Deputy President and Spokesperson on Finance
072 39 61120

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