Reaction from the Freedom Front, ACDP and the Democratic Alliance to Finance Minister Tito Mboweni's mid-term budget speech. Mboweni delivered his budget against a difficult economic backdrop, worsened by the COVID-19 pandemic.
Hill-Lewis also stated the party is concerned that changes to pension fund policy are an initial step towardsACDP MP Steven Swart said the party is concerned with the"lack of stewardship" over the management of the national debt which he said generations would be paying for.Swart said more powers should be allocated to the Asset Forfeiture Unit to recover misappropriated funds and assist in balancing the books.
Buthelezi said cuts to the municipal budget allocation will impact service delivery in the next few years.The UDM's Nqabayomzi Kwankwa compared the additional funds allocated to SAA to the breadwinner of a struggling family spending money on luxuries instead of essentials.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MTBPS Charted: Mboweni’s tough budget taskSouth African Finance Minister Tito Mboweni will have to balance finding money to help Africa’s most-industrialized economy recover from its longest recession in three decades. Thanks MYANC This sounds exactly like a function running late where the program director keeps the guests ENTERTAINED. ENTERTAINED long enough for the new economic system to - Global Governance. In my opinion SA has lost its sovereignty long ago. It's just not visible on the surface. Sold Which 'most industrialized economy' is he talking about?
Source: IOL - 🏆 46. / 51 Read more »
Rand gains slightly ahead of MTBPSThe Rand rose somewhat as external tailwinds countered concerns surrounding the domestic fiscal position ahead of a pivotal policy address today according to NKC Research.
Source: IOL - 🏆 46. / 51 Read more »
What’s left in Tito Mboweni’s piggy bank ahead of the MTBPS?The Finance Minister is caught between a rock and a hard place. While arguably he should be reducing government spend and increasing income (usually through higher taxes), these are things the ailing economy can ill afford.MTBPS2020 busrep TitoMboweni busrep Or plain MTBPS... Following tito_mboweni for more great recipes... SMH busrep If he reduce government spending there will be less money in the economy . If he does reduce the government spending he has to increase tax which is not healthy for the economy .
Source: IOL - 🏆 46. / 51 Read more »
READ IN FULL: Medium-term budget policy statement 2020Finance minister Tito Mboweni delivered the MTBPS on Wednesday afternoon in Parliament
Source: BDliveSA - 🏆 12. / 63 Read more »
EXPLAINER: What is the Medium Term Budget Policy Statement?As South Africans wait with bated breath for the much anticipated Medium Term Budget Policy Statement (MTBPS)for 2020, we relay the importance of this annual speech and what it actually means.
Source: IOL - 🏆 46. / 51 Read more »
Source: City_Press - 🏆 7. / 72 Read more »