Godongwana defends four-pillar Budget strategy

Finance minister tells the media that the budget is not a panacea for solving all social and economic challenges in one stroke

- SIPHELELE DLUDLA

FINANCE Minister Enoch Godongwana has mounted a robust defence of government's fiscal strategy, arguing that macroeconomic stability, structural reform, infrastructure investment and improved living standards form the backbone of South Africa's economic turnaround.

Speaking on Thursday during a media engagement following the tabling of the 2026 National Budget Review, Godongwana said the Budget is not a panacea for solving all social and economic challenges in one stroke.

He said the Budget was not designed to fix every problem at once, but to stabilise the foundation of the economy. At the centre of that strategy is macroeconomic stability, the first of what he called government's four pillars.