CAROL PATON: Tito Mboweni budget lights fires of discontent
The R300bn in expenditure cuts over the next three years will inflict pain ranging from municipalities to students
28 October 2020 - 19:17
Finance minister Tito Mboweni has done the right thing for the country in cutting spending to ultimately reduce debt, but in doing so he has set the stage for social conflict.
The R300bn in expenditure cuts over the next three years are substantial and will inflict pain all round. It will not be the end of it though, as large expenditure reductions are anticipated for the next five to six years if the government is to achieve the stabilisation of debt by its new deadline of 2025/2026...
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.