Unplanned fiscal consolidation will cause significant attrition to health, education and policing, widen income inequality, and erode socioeconomic rights, writes ClaireBisseker.
Fiscal consolidation implies “large and damaging” headcount reductions among nurses, teachers and the police, which will significantly erode the quality of core public services. But there is no plan to manage the impact.
This is the central message of a new paper by Wits University adjunct professor Michael Sachs and fellow researchers Arabo Ewinyu and Olwethu Shedi, who take a hard look at the implications of “unprecedented” budget cuts that lie in store...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.