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Finance Minister Enoch Godongwana tables his MTBPS Трансляция закончилась 11 месяцев назад


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Finance Minister Enoch Godongwana tables his MTBPS

Finance Minister Enoch Godongwana will have to balance growing spending needs with weaker revenue streams when he presents his Medium-Term Budget Policy Statement. Government finances are under pressure due to the weak economy, resulting in lower revenue collection. Economists say taxpayers are already under pressure, and with 2024 being an election year, it's unlikely that the government will increase taxes, meaning it may have to borrow more to supplement the budget shortfall. Godongwana has hinted at expenditure cuts to help the government get its finances on a sustainable path. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

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