Finance minister enoch godongwana
Public Procurement Bill could be tabled this year, Godongwana tells Parly
Finance Minister Enoch Godongwana says the long-delayed Public Procurement Bill could be tabled in Parliament during this financial year.
Finance Minister Enoch Godongwana said that billions had been poured into the airline which would justify selling a majority stake in the national carrier to a private partner.
Finance Minister Enoch Godongwana said that the severe weather which led to the death of over 400 people showed that climate change was not only an environmental issue but an alternative economic development model too.
In a statement, Finance Minister Enoch Godongwane said that Dondo Mogajane had decided not to extend his contract and would pursue new opportunities outside of the public sector.
Finance Minister Enoch Godongwana said that the temporary reprieve would give motorists a R1.50 reprieve in next month’s expected R3.85 petrol increase.
Parliament's Mineral Resources and Energy Committee stressed the need to roll out ways to mitigate excessive fuel price costs and bring some relief to cash-strapped consumers.
Many have voiced worries about the duplication of government roles as well as the costs involved in housing so many experts in the Presidency.
On Wednesday, Treasury said that the wage bill, which now accounted for 35% of the total budget, would rise at an average of 1.8% until 2025, however, even this is a moderate estimation as salaries are decided through negotiations in the bargaining council.
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.
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.