Treasury mandates sustainability plans as fiscal anchor going forward

To entrench commitments to healthy public finances, national government will introduce legislation requiring each new administration to table a medium-term fiscal plan to embed fiscal sustainability, Finance Minister Enoch Godongwana confirmed during the 2026 Budget speech on February 25. Since 2008/09, government’s debt ratio has more than tripled with debt service costs having risen from 8.8% of revenue in 2008/09 to 21.3% in 2025/26, which crowds out other spending.

Feb 25, 2026 - 19:45
To entrench commitments to healthy public finances, national government will introduce legislation requiring each new administration to table a medium-term fiscal plan to embed fiscal sustainability, Finance Minister Enoch Godongwana confirmed during the 2026 Budget speech on February 25. Since 2008/09, government’s debt ratio has more than tripled with debt service costs having risen from 8.8% of revenue in 2008/09 to 21.3% in 2025/26, which crowds out other spending.

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