The 2024 Budget Speech is poised to set the fiscal direction for South Africa in the coming year.
How to Watch the 2024 Budget Speech Live in South Africa
PLEASE NOTE: The third-party content below is shared on our platform for journalistic purposes. Swisher Post, its parent company, partners and affiliates shall not be held liable for any consequence that arises from the journalistic duties performed in sharing this content.
Numerous options are available for individuals eager to watch the 2024 Budget Speech live.
The speech, scheduled for delivery at 14:00 on Wednesday, 21 February 2024, will be broadcast across national television and radio stations, ensuring comprehensive coverage.
Additionally, live streaming will likely be offered on official government websites and social media channels. Readers can also tune into live proceedings below:
What to Expect from This Year’s Budget Speech
Amidst a challenging economic landscape, characterised by infrastructure deficits, a high debt-to-GDP ratio, and constrained revenue streams, Finance Minister Enoch Godongwana is tasked with presenting a balanced and forward-looking budget.
Analysts anticipate a focus on reducing wasteful expenditure and possibly adjusting tax mechanisms without increasing VAT or corporate income taxes.
Strategies may include a tax bracket creep or an increase in the fuel levy as measures to enhance revenue. The government is expected to continue its efforts in supporting social welfare and public services, despite the pressures on taxpayers.
Scrutiny will also be placed on the minister’s comments on Gauteng e-tolls after Premier Panyaza Lesufi made grand promises at his SOPA address.
How Does the Budget Speech Affect Our Daily Lives?
The implications of the 2024 Budget Speech for daily life in South Africa are profound.
Financial allocations and policy directions will influence economic stability, public services, and individual financial well-being.
The budget is expected to address critical areas such as infrastructure development, social welfare, and fiscal sustainability, potentially impacting the cost of living, employment opportunities, and business environment.
As such, the budget speech is not just a fiscal plan but a blueprint for the nation’s economic health and societal welfare in the upcoming year.
