An interesting Budget for an interesting year has been saved
An interesting Budget for an interesting year
At the Medium Term Budget Policy Statement in October, Finance Minister, Tito Mboweni spoke of the need to reform and stabilise state-owned enterprises. The state faced a R27.4 billion revenue shortfall for 2018, and an R85 billion shortfall over three years. Debt service costs are expected to grow by almost 11% every year. The Minister now has a tough task ahead to present a Budget that will meet the public’s approval, while also coming to terms with the pressing need to grow the economy.
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