Minister of Finance Tito Mboweni will deliver his 2020 budget speech today. South Africa enters a new decade with a growth forecast of only 0.7% .
A public commitment to stop bailing out SAA, would indicate a clear step towards placing the interests of the the country’s people above party political considerations. If the government wishes to continue funding social welfare and upliftment programmes, it must stop giving SAA a lifeline every time it fails. Every cent used for SAA is a cent used to subsidise those who are rich enough to fly.
According to the latest annual report published by the National Treasury and South African Revenue Service, “97% of total personal income tax paid was collected from fewer than three million individuals in the past tax year”. With an ever-shrinking tax base, it is irresponsible for the government to persist with such high spending.
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