Budget 2022 is just around the corner. Expectations are high from all stakeholders given the hardship people have been facing since the last two years. Mr. Justin M Bharucha, Managing Partner, Bharucha & Partners has identified proposals that Budget 2022 should pick up:
"This Budget needs to focus on the aggregate benefit to the country and the Government’s finances from deeper and more robust market developments. I’d like to see the rationalisation of fossil fuel costs. Our economy is hugely dependent on fossil fuel and rationalising costs will likely allow for an increase in economic activity including for sectors that have suffered during the pandemic.
The other important change I look forward to is ‘Process Change’. Executive action on-site must match the enabling and forward-looking policy statements made in Parliament. While this is not strictly part of a ‘budget’ speech, this is an excellent time to announce (and hopefully subsequently implement) that the Government will ensure that the executive enables and does not hinder economic activity."