No major cuts to government expenditure in MTBPS, says Godongwana
National Treasury’s approach is ‘moderate’ spending cuts and a ‘sustainable’ increase in borrowing.
National Treasury’s approach is ‘moderate’ spending cuts and a ‘sustainable’ increase in borrowing.
A major concern is the contingent liability guarantees of municipalities and some of the state-owned enterprises.
Investors are likely to see the deficit and debt trajectories as tentative, given the risks that remain unresolved.
National Treasury has put National Health Insurance (NHI) on the backburner because of the slow progress in getting the project off the ground. In the Medium Term Budget Policy Statement, Treasury said there […]
National Treasury has put National Health Insurance (NHI) on the backburner because of the slow progress in getting the project off the ground. In the Medium Term Budget Policy Statement, Treasury said there […]
A number of complex issues on how the proposed “two pots” retirement system will work in practice still have to be clarified, and fund members who are expecting immediate access to their savings […]
Finance Minister Enoch Godongwana delivered his first Medium Term Budget Policy Statement (MTBPS) on 11 November. Unlike policy statements of the recent past, the market was primed for positive surprises. After all, monthly […]