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Join ERSA for a four-part series: Fiscal Futures

You’re invited to join ERSA’s fellow, Matthew Simmonds, for a four-part series: “Fiscal Futures”

As a contribution to the debate about economic policy making after the Covid shock, ERSA will be presenting a series of conversations about how we think about the economy and the role of fiscal policy. After the initial shock and the short-term welfare response from the state, what is the role of the state and fiscal policy in supporting an economic recovery?

Once the dust starts to settle, we will be faced with a poorer economy, significantly higher debt and interest costs, and legitimate spending pressures. These will mix with a structural deficit that both fails to adequately finance the social and economic needs of the country and stabilize debt. The anatomy of fiscal collapse is well understood, and the South African path is beginning to look like one that has been trodden by other countries such as Argentina, Venezuela, and Zimbabwe. In this four-part series, experts will present their views and discuss amongst themselves how to best manage the contribution of fiscal policy to development after the Covid shock.

A series of four conversations are planned, taking place every second week, starting with fiscal sustainability on Wednesday 29th July at 3PM CAT. Sessions will be hosted live on Zoom.

The four-part series will cover:

  •     Part 1: Understanding the concept of "fiscal sustainability" in the post-Corona world
  •     Part 2: Financing the budget in the post-Corona world
  •     Part 3: The budget and the post-Corona economic recovery
  •     Part 4: Towards a fiscal policy that supports economic recovery while achieving sustainability

In the first session, Matthew will facilitate a discussion on fiscal sustainability with a panel of experts with a diverse range of local and international experience in macroeconomic policy. As part of this conversation we will be looking to confront the hard questions about sustainability and South Africa’s fiscal future:

  •     What constitutes financial sustainability and the binding nature of that?
  •     How does one begin to introduce ideas of broader economic and social sustainability?
  •     Is there an opportunity for the government to engage with growth-orientated consolidation - is this possible, a necessity, or is it too late to have both?

RSVP using this link so that we know to expect you! We’ll also share additional announcements, resources and reminders related to the series.

After registering, you will receive a confirmation email containing information about joining the webinar. If you cannot join us live, you can still sign up to receive the resources. Each video will be recorded and archived on YouTube to watch at a later time.

We look forward to having you there