20°C / 22°C
  • Mon
  • 27°C
  • 16°C
  • Tue
  • 23°C
  • 15°C
  • Wed
  • 23°C
  • 14°C
  • Thu
  • 20°C
  • 11°C
  • Fri
  • 22°C
  • 10°C
  • Sat
  • 25°C
  • 11°C
  • Mon
  • 21°C
  • 14°C
  • Tue
  • 22°C
  • 16°C
  • Wed
  • 24°C
  • 16°C
  • Thu
  • 21°C
  • 15°C
  • Fri
  • 22°C
  • 17°C
  • Sat
  • 20°C
  • 14°C
  • Mon
  • 31°C
  • 17°C
  • Tue
  • 23°C
  • 16°C
  • Wed
  • 24°C
  • 16°C
  • Thu
  • 24°C
  • 14°C
  • Fri
  • 25°C
  • 13°C
  • Sat
  • 26°C
  • 13°C
  • Mon
  • 30°C
  • 17°C
  • Tue
  • 26°C
  • 16°C
  • Wed
  • 25°C
  • 16°C
  • Thu
  • 22°C
  • 12°C
  • Fri
  • 22°C
  • 11°C
  • Sat
  • 25°C
  • 11°C
  • Mon
  • 21°C
  • 19°C
  • Tue
  • 25°C
  • 20°C
  • Wed
  • 26°C
  • 21°C
  • Thu
  • 24°C
  • 20°C
  • Fri
  • 22°C
  • 20°C
  • Sat
  • 23°C
  • 19°C
  • Mon
  • 22°C
  • 17°C
  • Tue
  • 21°C
  • 17°C
  • Wed
  • 19°C
  • 16°C
  • Thu
  • 23°C
  • 15°C
  • Fri
  • 21°C
  • 14°C
  • Sat
  • 21°C
  • 16°C
  • Mon
  • 21°C
  • 13°C
  • Tue
  • 23°C
  • 15°C
  • Wed
  • 24°C
  • 15°C
  • Thu
  • 23°C
  • 13°C
  • Fri
  • 29°C
  • 15°C
  • Sat
  • 27°C
  • 14°C
  • Mon
  • 19°C
  • 14°C
  • Tue
  • 21°C
  • 16°C
  • Wed
  • 22°C
  • 15°C
  • Thu
  • 19°C
  • 14°C
  • Fri
  • 22°C
  • 17°C
  • Sat
  • 20°C
  • 13°C
  • Mon
  • 30°C
  • 18°C
  • Tue
  • 26°C
  • 18°C
  • Wed
  • 25°C
  • 17°C
  • Thu
  • 22°C
  • 14°C
  • Fri
  • 27°C
  • 12°C
  • Sat
  • 28°C
  • 13°C
  • Mon
  • 32°C
  • 14°C
  • Tue
  • 30°C
  • 15°C
  • Wed
  • 32°C
  • 15°C
  • Thu
  • 24°C
  • 12°C
  • Fri
  • 25°C
  • 11°C
  • Sat
  • 29°C
  • 12°C
  • Mon
  • 28°C
  • 14°C
  • Tue
  • 21°C
  • 17°C
  • Wed
  • 25°C
  • 17°C
  • Thu
  • 22°C
  • 17°C
  • Fri
  • 26°C
  • 15°C
  • Sat
  • 27°C
  • 14°C
  • Mon
  • 23°C
  • 14°C
  • Tue
  • 20°C
  • 16°C
  • Wed
  • 18°C
  • 14°C
  • Thu
  • 22°C
  • 14°C
  • Fri
  • 21°C
  • 15°C
  • Sat
  • 21°C
  • 14°C

Parly told govt must implement turnaround plans to save SA’s economy

With the weak economy and a dwindling tax base, the FFC said there was little option but to reprioritise spending and achieve fiscal consolidation through restructuring and better governance.

Picture: Christa Eybers/EWN.

CAPE TOWN - The Financial and Fiscal Commission (FFC) said the government must follow through on restructuring and governance reforms if South Africa was to return to a sustainable fiscal path.

The FFC called for bold, decisive and immediate action on Tuesday.

The commission, which advises state bodies on economic, fiscal and financial matters, was briefing Parliament’s finance and appropriations committees on the Mid-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Tito Mboweni last week.

The FFC said the MTBPS was one of the toughest to craft, given the dire economic situation and that it tried to strike a balance between reviving the economy and protecting social spending on education, health, welfare and service-delivery, making trade-offs are inevitable.

The commission’s Chen Tseng said government must ensure its initiatives to turn things around are implemented.

“The FFC believes that government must take bold, decisive and immediate actions to deepen its fiscal consolidation and reprioritisation commitments through restructuring and governance reforms to return South Africa to a sustainable fiscal path.”

With the weak economy and a dwindling tax base, the FFC said there was little option but to reprioritise spending and achieve fiscal consolidation through restructuring and better governance.

It said this was the only viable course of action to restore fiscal credibility for a sustainable future for the country.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus