A difficult task is set for the government in the near future, on the one hand - to keep the budget, on the other hand - to ensure support for businesses in entrepreneurial and investment activities.
My two cents:
In the days ahead, the government will face the hard task of keeping the budget untouched on the one hand and ensuring support to businesses engaged in entrepreneurial and investment activities on the other.
Humbulani, it's good excercise to look in thesaura and idiom collections online for alternatives to particular words and expressions and then reformulate your sentence in several different ways. Or, just type out related expression you know in a separate text editor window, a kind of brainstorm session:
"on the one \ other hand"
Balancing act, tip the scales, double-edged sword, keep the balance, to balance one against the other, to combine one and the other, to blend, to walk the line,
It will be the hard balancing act to..
The Government will be faced with..
"In the near future"
In the perspective, in the days ahead, in the weaks ahead, in the near-term perspective,
The Government's near-term task will be tough: to keep the budget while ensuring that the businesses engaged in entrepreneurial and investment activities are provided with support.