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The national treasury has budgeted 682.5 billion rand for the public sector wage bill in 2022-2023. Economist Elna Mullman warns that an additional 60 billion rand may be needed to meet union demands. It is challenging to find more funds from taxpayers during tough economic times. National treasury aims to reduce debt and avoid relying on the current commodity boom. Past mistakes involved assuming continued revenue growth from commodities, leading to overspending. The government now prioritizes fiscal sustainability and cautious spending.
