South Africa Policy Package, Priority 1: Increasing the Impact of Public Spending on Inclusive Growth

Publication:
South Africa Policy Package, Priority 1: Increasing the Impact of Public Spending on Inclusive Growth

dc.contributor.author	Watkins, Joanna
dc.contributor.author	Baduel, Benedicte
dc.contributor.author	Morisset, Jacques
dc.contributor.author	Baez, Javier
dc.date.accessioned	2025-02-25T19:35:15Z
dc.date.available	2025-02-25T19:35:15Z
dc.date.issued	2025-02-25
dc.description.abstract	The new political context emerging from the May 2024 elections provides a unique opportunity for South Africa. The alignment of economic and political incentives, in the sense that improving the economy is essential for gaining political power, offers a platform to launch a decisive transformation process, even if there is not yet an agreement on which economic reforms to implement. Such alignment was key behind the successful economic transformation of China in the early 1980s, Vietnam in the late 1980s and 1990s, Poland in the 2010s, and India in the early 2020s. Those successes were anchored on a development bargain, whereby the country’s elites shifted from protecting their own positions to gambling on a growth-based future. This report offers pragmatic policy options, tailored for South African policymakers who want to obtain short-term results, while creating momentum for structural reforms, resume growth, and improve the overall welfare of their citizens, especially the most disadvantaged.	en
dc.identifier	http://documents.worldbank.org/curated/en/099021525130516088/P180069102126e0511b00b1aa525b18b6b6
dc.identifier.doi	10.1596/42862
dc.identifier.uri	https://hdl.handle.net/10986/42862
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by/3.0/igo
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC AND POLITICAL INCENTIVES
dc.subject	ECONOMIC REFORMS
dc.subject	DEVELOPMENT BARGAIN
dc.subject	GROWTH-BASED FUTURE
dc.title	South Africa Policy Package, Priority 1	en
dc.title.subtitle	Increasing the Impact of Public Spending on Inclusive Growth	en
dc.type	Policy Note
dspace.entity.type	Publication
okr.date.disclosure	2025-02-25
okr.date.doiregistration	2025-04-14T11:49:20.824010Z
okr.date.lastmodified	2025-02-19T00:00:00Z	en
okr.doctype	Economic & Sector Work::Policy Note
okr.doctype	Economic & Sector Work
okr.docurl	http://documents.worldbank.org/curated/en/099021525130516088/P180069102126e0511b00b1aa525b18b6b6
okr.guid	099021525130516088
okr.identifier.docmid	P180069-02126e07-855a-4c51-b00b-aa525b18b6b6
okr.identifier.externaldocumentum	34457337
okr.identifier.internaldocumentum	34457337
okr.identifier.report	197420
okr.import.id	6698
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099021525130516088/pdf/P180069102126e0511b00b1aa525b18b6b6.pdf	en
okr.region.administrative	Africa Eastern and Southern (AFE)
okr.region.country	South Africa
okr.sector	FY17 - Central Government (Central Agencies)
okr.theme	Inclusive Growth,Mitigation,Entrepreneurship,Job Creation,Gender,Human Development and Gender,Economic Policy,Economic Growth and Planning,Environment and Natural Resource Management,Enterprise Development,Private Sector Development,Labor Market Policy and Programs,Climate change,Jobs,Adaptation,Macroeconomic & Structural Policy Modelling,Labor Market Institutions,Structural Transformation and Economic Diversification
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.topic	Finance and Financial Sector Development::Finance and Development
okr.topic	Governance::Political Systems and Analysis
okr.topic	Macroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.unit	EFI-AFR1-MTI-MacroFiscal-2 (EAEM2)