Busa calls for ‘deep and substantial’ spending cuts in medium-term budget
The cabinet must support the measures to boost public confidence in responsible management of the economy, the association says
Business Unity SA (Busa) has called for “deep and substantial” cuts in government spending in the medium-term budget policy statement to be delivered by finance minister Enoch Godongwana in parliament on Wednesday as one of the measures to address the shortfall in government revenue.
With low economic growth failing to generate the required tax revenue, economists are forecasting a revenue shortfall of about R30bn...
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