Budget Speech for 2024, by the Minister of Finance, Mr Enoch Godongwana, to Parliament, in Cape Town, South Africa, 21 February 2024

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  • Budget Speech for 2024, by the Minister of Finance, Mr Enoch Godongwana, to Parliament, in Cape Town, South Africa, 21 February 2024

Madam Speaker, according to two prominent economists, Alberto Alesina and Dani Rodrik, “A crude distinction between economics and politics would be that economics is concerned with expanding the pie while politics is about distributing it”. The point, Madam Speaker, is that the size and quality of the national pie is what informs, and ultimately determines, the realisation of our political imperative of redistribution.