Budget speech
New study finds child support grant 'not enough' for CT single mother households
On Thursday, recommendations were handed over to government in a research report titled: 'Children, Social Assistance and Food Security'.
Currently, 46% of the country’s total population is reliant of one or other form of government support to survive as poverty rates keep climbing.
Many have voiced worries about the duplication of government roles as well as the costs involved in housing so many experts in the Presidency.
Developmental economist, Ndumiso Hadebe, has pointed out the silence on how to address the ailing state-owned entities, while chief economist at IQ Business, Sifiso Skenjana, wanted to hear more about the plan to deal with Eskom’s debt.
The Democratic Alliance (DA), in its criticism of Godongwana’s Budget Speech, said that it simply did not live up to President Ramaphosa’s Sona.
The government will spend R302 billion in 2022/2023 on debt service costs, also confirming that it will seek more loans to finance some of its expenditure.
Finance Minister Enoch Godongwana has made use of a R182 billion tax revenue surplus to put money back in the pockets of consumers by snubbing increases on the fuel and Road Accident Fund (RAF) levy.
Tabling the national budget at Parliament on Wednesday, Godongwana announced no major tax increases, saying this was not the time, given SA’s fragile economic recovery.
Finance Minister Enoch Godongwana has announced excise duties on alcohol and tobacco will increase by between 4.5% and 6.5% from Wednesday.
Finance Minister Enoch Godongwana is delivering the 2022 Budget Speech. It is his first Budget since his appointment as finance minister in 2021.
While the 2022 Budget is expected to be in unison with last year's Mid-Term Policy Statement, skills targeting has been proposed as a medium-term remedy for growth.
Finance Minister Enoch Godongwana will deliver his maiden Budget Speech in Cape Town.
It’s Budget Speech day and Finance Minister Enoch Godongwana’s first Budget speech. Godongwana is expected to update the nation on the state of the economy and public finances. EWN takes a look at how much money government has allocated to job creation in previous years.
The 2021 budget review indicated that government was spending over R269 billion on debt service costs while public debt is expected to stabilise at 88.9% of GDP by the 2025/2026 financial year.
Many South Africans want to hear how Finance Minister Enoch Godongwana plans on promoting economic growth, whether there will be added financial burdens by increased taxes on fuel, tobacco and alcohol and how government plans on creating an environment that promotes job creation.
Gareth Newham of the Institute For Security Studies said that the police would need money for the new recruits President Ramaphosa announced in his State of the Nation Address. But he said the SAPS underspent its R96bn budget by R4bn last year, which amounts to the NPA’s total annual budget.
For Parliament’s Standing Committee on Appropriations, the financial health of passenger rail agency, Prasa, the Post Office and the Land Bank is of great concern.
The march will start in Hanover Street in the CBD and the group will move to Parliament.