Tito Mboweni will today reveal the extent of the government’s tax revenue shortfall, estimated at more than R300bn.
South Africa talks far too much and does far too little. The time for endless discussion on economic policy must surely be over, writes Judith February.
In his correspondence to the Speaker, Finance Minister Mboweni highlights the recent complex decisions taken by Cabinet in respect of the 2020/21 adjusted estimates.
Tito Mboweni is expected to use the occasion to chart a way forward for the country’s economic recovery.
However, independent political analyst Dale McKinley has cast doubt on whether the investment commitments would lead to job creation and other remedies needed to revive the struggling economy.
Saica is making submissions in Parliament during public hearings on the Mid-Term Budget Policy Statement unveiled last week by Finance Minister Tito Mboweni.
The coalition, an alliance of about 20 civil society organisations was among labour, economists and lobby groups who gave feedback on the Mid-Term Budget Policy Statement at Parliament on Wednesday.
The trades union federation is among a string of organisations, lobby groups and economists making submissions on the Mid-Term Budget Policy Statement at Parliament.
A major concern is that the government’s resolve is strongest on policies that are actually quite suspect.
Mboweni said it’s time for state-owned companies to be weaned off state coffers, and that the government cannot continue to throw money at Eskom.
Dr Jack.
MPs from various parties in the National Assembly on Wednesday reacted adversely to news of alarmingly rising debt levels, lower-than-forecast growth and a shortfall in tax collections.
The Finance Minister says that the persistent gap between revenue and expenditure would push the debt to GDP ratio even higher over the next ten years.
While delivering the MTBPS, Finance Minister Tito Mboweni said that urgent economic reforms were necessary.
Finance Minister Tito Mboweni delivered the Medium-Term Budget Policy Statement on Wednesday afternoon.
Tito Mboweni announced that government had decided to retain the user pay principle remains with regards to e-tolls
Government spends over R500 billion on the wage bill which has more than tripled between 2006 and 2019.
The Finance Minister delivered the Medium-Term Budget Policy Statement in the National Assembly on Wednesday.
