
Tight-lipped Treasury braces for tough Budget to plug R75bn shortfall
Finance Minister Enoch Godongwana won’t reveal where the spending cuts or savings will come from but says South Africa must “do more with less”.
Finance Minister Enoch Godongwana won’t reveal where the spending cuts or savings will come from but says South Africa must “do more with less”.
South Africa’s core fiscal challenge is to get the gap between economic growth and the cost of borrowing back into positive territory.
The commissioner says the Revenue Service has put measures in place to meet the revised estimate for revenue collection.
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