Fiscal discipline is not about keeping ratings agencies happy but is the right thing to do, outgoing National Treasury director-general Lungisa Fuzile said this week.
Speaking on the eve of his farewell appearance in Parliament, Fuzile said adherence to fiscal discipline enabled the country to determine its own policies.
“If fiscal discipline is deviated from, then the International Monetary Fund will eventually prescribe it to government … We have to ensure that we apply fiscal discipline and that we are not compelled to do it from outside,” said Fuzile.