AIDC Submission to Parliament on the Fiscal Framework and Revenue Proposals

The Alternative Information and Development Centre (AIDC) has submitted a written commentary and critique on the Fiscal Framework and Revenue Proposals of the 2024 Budget Speech to the Select and Standing Committees on Finance. The primary objective of this submission is to participate in the democratic process by bringing to light the problems and implications of the proposed budget cuts. In the submission, the AIDC has provided a detailed analysis of the broader macroeconomic framework, trends in the estimates of revenue and expenditure, a critique of the underlying rationale for implementing budget cuts, a list of alternatives to debt and austerity, and a summary of recommendations. Read more on the document below.