Budgetspeech 2020

Budgetspeech 2020

Cosatu slams Tito Mboweni Budget Speech 2020

Cosatu branded Finance Minister Tito Mboweni's 2020 budget 'provocative' and his plans to curb the civil service wage bill an unwarranted attack on workers.

2020-02-26 11:00:00 PM

Cosatu branded Finance Minister Tito Mboweni's BudgetSpeech2020 budget 'provocative' and his plans to curb the civil service wage bill an unwarranted attack on workers.

Cosatu branded Finance Minister Tito Mboweni's 2020 budget 'provocative' and his plans to curb the civil service wage bill an unwarranted attack on workers.

EmailParliament - The Congress of South African Trade Unions (Cosatu) on Wednesday branded Finance Minister Tito Mboweni's 2020 budget "provocative" and his plans to curb the civil service wage bill an unwarranted attack on workers."Cosatu finds the government’s continuous attacks on public servants silly and tiresome. Little recognition is given to the conditions facing public servants, like being overworked and underpaid," the trade union federation said.  

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"These public servants support on average seven unemployed extended family members. The fixation with the wage bill is nonsensical when considering the fact that it has been stable for the past 10 years at 35 percent of the government consolidated expenditure, in line with international standards."

Mboweni said government would trim R160.2 billion off the public wage bill over three years, which will see consolidated compensation spending contract by about one per cent in real terms over the medium term.According to National Treasury, civil servants' wages have grown by about 40 per cent over the past 12 years.

There have been repeated warnings in national budgets in recent years that the public wage bill needs to be contained as national debt climbs to unsustainable levels but Mboweni's announcement on Wednesday signals clear intent.The minister said he believed the labour movement and the treasury would "find each other" on the subject, but Cosatu took a combative stance.

"Workers will not play victims and the government can rest assured that they will demand and not beg for what is due to them. Cosatu remains battle-ready to pushback against this public service cuts agenda," it said.The federation, an alliance partner of the ruling African National Congress, also accused Mboweni of failing to table clear plans to turn around South Africa's stricken public enterprises, Eskom chief among them. 

"The one alarming aspect of this budget is the discovery that the government has no clear and concrete plans to stabilise and revive our key [state-owned enterprises] SOEs," it said. "The incessant lamentation might be therapeutic, but it cannot be regarded as a strategy. Comprehensive turnaround plans are needed as a matter of urgency. "

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Government is using up over a third of our entire budget on its own wages... So there's no money left for bricks after you've paid the bricklayer's wages? And you continue to pay him every month to sit and wait for bricks that are never coming? How screwed up is this logic? For South Africa to get back to winning, in economy, sports, innovation.... We have to get rid of Unions just like China is getting rid of coronavirus;_cosatu Zwelinzima1, IrvinJimSA are our own coronavirus!

That's what they were campaigning for in 2019 election so stop making us stupid

Budget 2020: ‘Tito Mboweni will be walking a tax tightrope’ | Cape ArgusBudget 2020: A tax expert said Finance Minister Tito Mboweni would be walking a tightrope if he wanted to use more tax to raise government revenue. 😏they don't want to tax the filthy rich because they will remove them so they are taxing the poor. The rich are white and the poor are black Abramjee That expert is right Abramjee Stop corruption

LIVE BLOG: Fin Min Tito Mboweni presents the 2020 budget - The Mail & GuardianThe budget is usually scheduled for the second-last Wednesday in February, and the ratings agencies deliver their decisions after assessing the country’s plans for the fiscal year ahead

Budget 2020: Sympathy for Mboweni from opposition as Cosatu rattles sabers - The Mail & GuardianBudget2020: Opposition parties have mainly welcomed Finance Minister Tito Mboweni’s budget speech, saying he did not have much room to manoeuvre. That's a first...

Budget 2020: Read Finance Minister Tito Mboweni's full speechThe full text of the speech prepared for delivery by Finance Minister Tito Mboweni during his second National Budget speech. Budget2020

Tito Mboweni’s full 2020 budget speechAll the details — from the economic context and strategy to tax adjustments At least this lot look a whole lot slimmer than the zuma lot did - perhaps we SAfricans won’t have to pick up their cardiovascular disease costs through too much drinking and overeating and partying and buggering the tax payer around !

Budget 2020 — Tito squares up to unions with wage cuts - The Mail & GuardianFinance minister warns “we cannot have all things we want at the same time” and tables cuts in things like the public wage bill in a R1.84 trillion budget. Budget2020 Even 🤣🤣🤣 'Even the executives will not be getting salary increase.' tito_mboweni How to cut the cost: 1. Get rid of all deputy ministers. 2. Get rid of House of traditional leaders. 3. Get rid of car and cellphones allowances for all Mps and ministers. 4. Stop paying for Mps accommodations. 5. Stop feeding the Mps.