The AIDC proposes alternatives to austerity, including enhancing tax progressivity and addressing tax evasion to increase public sector funding.
The AIDC proposes alternatives to austerity, including enhancing tax progressivity and addressing tax evasion to increase public sector funding.
The Alternative Information & Development Centre (AIDC) made written and oral submissions to the standing and select committees on finance on the fiscal framework and revenue proposals in May 2025.
We are concerned that very little is mentioned about how to address the problem of mass unemployment.
Replacing a VAT increase with budget cuts is not a victory for unemployed and working-class South Africans but a defeat.
The economic outlook should prioritise overcoming poverty, unemployment and inequality, rather than focusing on debt stabilisation as the primary goal.
The People Against Budget Cuts, a coalition of civil society organisations, trade unions, and community groups, calls on the government to rethink its budget allocations and ensure that economic policies work for the people, not just the rich.
The AIDC submission addresses the National Treasury’s fiscal policies, including the disproportionate weighting placed on debt-to-GDP as opposed to targeting reductions in poverty, inequality and unemployment.
Austerity is unfolding with the increased privatisation of the South African economy through Operation Vulindlela.
Our fight against austerity at home is intertwined with our fight against the genocide in Gaza, as both are manifestations of a global system that values profit and power over human dignity and life.
Addressing the harms of austerity becomes increasingly tenuous under the Government of National Unity.
