South Africa’s spending crisis
CDE executive director Ann Bernstein speaks to Power FM’s Nosipho Radebe to give her views on the challenges of governments budget spending. She argues that the debate shouldn’t be about whether VAT should increase but rather about government’s unchecked spending. “We have runaway spending and have been living beyond our means for 15 years,” she warns. This discussion follows the release of CDE’s latest short report, Dealing with the Budget Crisis: CDE Recommendations, which outlines urgent steps to improve fiscal discipline and economic growth.