The Minister of Finance, Mr Enoch Godongwana, will deliver the National Budget Speech on 22 February 2023. As usual, the budget allocation always aims to strike a balance between competing national spending priorities and limited resources.

This budget promises to be a tough balancing act, with little or no wiggle room. The following key areas need to be addressed:

• municipal finances
• government spending priorities and what these should be
• addressing a large budget deficit
• stabilising State-Owned Entity finances
• managing the energy crisis
• tax revenues
• debt sustainability

We will keep you informed on all relevant budget announcements.