OPINION | Budget 2021: Treading water on crushing debt and fragile revenue sources

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Granular budgets need to get real, and the Treasury cannot rely on individuals who caused our financial woes to provide solutions, says the Organisation Undoing Tax Abuse.

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Unfortunately, there is a long and difficult road ahead. Much of this budget is treading water.

Those debt costs are slowly edging out social spending. In 2019/20, debt-service costs were less than spending on health and social development , but by 2023/24, debt-service costs will be higher than spending on both health and social development .While the pandemic lockdowns hit the poor hardest, with the big job losses at lower levels, many of these were not paid enough to be taxpayers.

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