Treasury confirms resignation of budget chief Michael Sachs
In a statement released on Monday by Finance Minister Malusi Gigaba, Treasury said it remained committed to a budget that focused on fiscal consolidation
National Treasury has confirmed the resignation of its deputy director-general of the budget office, Michael Sachs. In a statement on Monday, Treasury said: The Minister of Finance, Malusi Gigaba, is saddened by Mr Sach’s resignation but has thanked him for his excellent service, and strong commitment to the national budget as well as the department over the years. The minister has wished Mr Sachs well in his future endeavours." Finance Minister Malusi Gigaba said: "Both the director-general and I are aware of protecting the integrity and transparency of the budget system and process, and ensure that all tax and expenditure decision processes continue to be run by the Treasury and minister of finance, and continues with the consultative process introduced by the first democratic government." The statement added that Treasury remained committed to a budget that focused on fiscal consolidation and mindful of the economic challenges of the country while protecting the poor. The news br...
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.