BIG READ
Government spending cuts crucial to budget
The government is not sticking to the budgeted pace of spending, which is galloping well ahead of the Treasury's aim
18 February 2024 - 05:36
When finance minister Enoch Godongwana delivers the budget on February 21 all eyes will be on proposals to address a worsening fiscal situation, low economic growth and runaway government spending.
The budget has been prepared against the backdrop of weaker-than-expected global and domestic growth, which has slowed revenue growth and widened the budget deficit; continued losses by municipalities and state-owned enterprises (SOEs) such as Transnet and Eskom; and higher borrowing costs as a result of an elevated risk premium and tighter global monetary conditions...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.