Wage bill is a mess, Tito Mboweni says in budget statement
Successfully slashing the public servants' salary bill is vital for the country to stave off a ratings downgrade by Moody’s Investors Service
Finance minister Tito Mboweni wants action to be taken against some former cabinet members responsible for the unsustainable public service wage bill, which threatens to widen the budget deficit and lead to higher levels of government debt.
The public servants’ salary bill is one of the biggest threats to SA’s finances, and successful efforts in slashing it are vital for the country to stave off a ratings downgrade from Moody’s Investors Service, the only agency still ranking government debt on investment grade...
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