THE FY27 budget is the first clear signal that the government is ready to transition from stabilisation to growth — without breaching the IMF’s macroeconomic targets. After three years of painful austerity and demand compression, the decision to reduce the super tax, introduce a real estate stimulus and offer a scattering of export incentives indicates that the government believes the worst is behind it as it cautiously proceeds to pump moderate growth of 4pc. The desperation is understandabl...