And from a new bailout for bankrupt SAA to SA's rapidly ballooning debt, Mboweni's critics had much to fire upon.
The bailout is the airline's second this year after a R6.4bn lifeline it was promised in February's main budget. The DA claimed the bailout would be funded by a R1.2bn budget cut to the police, courts and prosecuting authorities, and a R1.4bn cut to the education budget, among others.Democratic Alliance shadow finance minister Geordin Hill-Lewis
The service fees on the debt amount alone ... are expected to increase to R355bn a year by 2023/24,” he said. “Simply put, the country has run out of money.” The federation was also concerned that there was “no plan” to fight the corruption and wasteful expenditure that accounts for around R150bn of SA's annual budget.It urged the government to adopt its proposal to ban “politically exposed people” and their families from doing business with the state and implement a transparent, online public state procurement system.
The dire state of the economy and public finances had worsened during the lockdown, costing an estimated 2 million jobs.
A big smile and fat cheeks don't balance the budget tito_mboweni ...neither does stealing like CyrilRamaphosa and you and your friends do it
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Tito Mboweni lashes DA over SAA 'zombie' commentsFinance minister rejects criticism that he buckled under pressure by allocating R10.5bn to finance the SAA business rescue plan. VoetsekTito tito_mboweni is clearly a major part of the problem IMFNews WorldBank , pretending to be aloof from the other thieves. can he show one action where he has gone against the thieves No he cannot.. Well of course... He is dictated to.. Follows.. Or just simple agrees... He has no joice. He is told to take money from other dept... He is told SAVE SAA AT WHATEVER COST SO FUCK SOUTH AFRICA AND THE ECONOMY.. Hypocrits
Source: TimesLIVE - 🏆 28. / 59 Read more »
Opposition parties slam 'immoral' SAA bailout in Tito Mboweni's mini-budgetBroadsides came thick and fast as opposition parties opened fire on finance minister Tito Mboweni's medium term budget speech on Wednesday.
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WATCH: Tito Mboweni presents medium-term budgetFinance minister Tito Mboweni is due to present the 2020 medium-term budget policy statement to parliament
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Source: BDliveSA - 🏆 12. / 63 Read more »
No budget cuts and no bailout for SAA: What SA expects from Tito Mboweni's mini-budgetThe country is waiting with bated breath for finance minister Tito Mboweni to table his medium-term budget policy statement in parliament on Wednesday afternoon.
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