Keyword: budget speech

Budget 2014: 'The Disconnect between Plans and Budgets'

Picture: Finance Minister Pravin Gordhan courtesy GovernmentZA/flickr Ebrahim-Khalil Hassen - Common sense suggests that budgets follow plans, not the other way around. Beyond the headline results of the budget, a closer look at the finance minister’s 2014 budget reveals significant contradictions and suggests a disconnect concerning the relationship between plans and budgets. Consequently, the minister’s budget allocations are far from optimal for us to reach the twin goals of reducing unemployment and decreasing inequality. Minister Pravin Gordhan once tabled the idea...