Here’s what’s in Tito Mboweni’s medium-term budget
Departments losing out to SAA features highly, as does a long-term plan for bringing down the country’s debt burden
28 October 2020 - 14:06
The National Treasury has put the brakes on the onerous debt consolidation plans it outlined in June, reducing its planned expenditure cuts by R83bn to R307bn over the next three years with public servants set to bear the brunt of the fiscal squeeze.
In June, budget cuts of R390bn were envisaged, which analysts said were unachievable and would entail unacceptable cuts to essential government services...
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.