WATCH: Government and labour still poles apart ahead of key MTBPS
Michael Avery talks to a panel ahead of the medium-term budget policy statement
27 October 2020 - 15:06
byBusiness Day TV
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For every R10 of government expenditure, more than R3 is spent on transfers, about R3 on public servant salaries and R1 on debt. The remaining R3 is supposed to cover goods, services and infrastructure. Transferring money from the wage bill to infrastructure is what the president’s economic advisory council suggests, but will this be politically feasible ahead of the municipal elections in 2021?
Michael Avery speaks to Dr Miriam Altman, director of Altman Advisory, and National Planning Commissioner; Martin Kingston, chair of the steering committee of Business for SA (B4SA); Matthew Parks, parliamentary co-ordinator for union federation Cosatu; and Peter Attard Montalto, head of capital markets research at Intellidex, ahead of Wednesday’s medium-term budget policy statement.
Michael Avery talks to a panel ahead of Wednesday's MTBPS
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Covid-19 Business Watch
WATCH: Government and labour still poles apart ahead of key MTBPS
Michael Avery talks to a panel ahead of the medium-term budget policy statement
For every R10 of government expenditure, more than R3 is spent on transfers, about R3 on public servant salaries and R1 on debt. The remaining R3 is supposed to cover goods, services and infrastructure. Transferring money from the wage bill to infrastructure is what the president’s economic advisory council suggests, but will this be politically feasible ahead of the municipal elections in 2021?
Michael Avery speaks to Dr Miriam Altman, director of Altman Advisory, and National Planning Commissioner; Martin Kingston, chair of the steering committee of Business for SA (B4SA); Matthew Parks, parliamentary co-ordinator for union federation Cosatu; and Peter Attard Montalto, head of capital markets research at Intellidex, ahead of Wednesday’s medium-term budget policy statement.
Michael Avery talks to a panel ahead of Wednesday's MTBPS
WATCH: What to expect from the medium-term budget
LUKANYO MNYANDA: Covid chaos could mean Mboweni’s budget promises aren’t worth the paper they are written on
CLAIRE BISSEKER: Three things to watch in Tito’s Covid-19 mini budget
Deeper debt trap looms as all eyes turn to Tito
Rand weakens ahead of MTBPS later in the week
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