The National Treasury’s decision to withhold July 2026 equitable share transfers from 69 municipalities is a false solution that punishes the poor while failing to address systemic financial problems.
The People Against Budget Cuts (PABC) argues that the 2026 Budget is fiscally regressive, prioritising tax breaks for the wealthy and elite while failing to address structural poverty and unemployment.
The Alternative Information & Development Centre (AIDC) argues that the proposed fiscal framework for the 2026 Budget may worsen poverty and unemployment in South Africa, which is the most unequal country in the world.
The AIDC proposes alternatives to austerity, including enhancing tax progressivity and addressing tax evasion to increase public sector funding.
We are concerned that very little is mentioned about how to address the problem of mass unemployment.