Finance Minister Enoch Godongwana admitted at the Kgalema Motlanthe Foundation’s annual Inclusive Growth Forum over the weekend that the Treasury has had to make some tough calls on government spending.
JOHANNESBURG - Finance Minister Enoch Godongwana has suggested that this week’s mid-term budget will be grim as he warns of government coffers running dry by March next year if something is not done to clean up poor public finances.He admitted at the Kgalema Motlanthe Foundation’s annual Inclusive Growth Forum over the weekend that the Treasury has had to make some tough calls on government spending.
The minister says while the picture looks grim, he’ll also use the opportunity to highlight the good that’s been happening.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MTBPS: Godongwana should address SA’s economic slump, joblessnessThe jury is still out on how much Finance Minister Enoch Godongwana will push belt-tightening in his MTBPS on Wednesday.
Read more »
South Africa is running out of moneyFinance minister Enoch Godongwana has warned that South Africa has some tough financial decisions to make.
Read more »
South Africa's 'no good news' mini budgetFinance minister Enoch Godongwana is in a bind as he reworks South Africa’s budget.
Read more »
MTBPS: ‘Opportunity to build confidence on several fronts’BLSA CEO emphasises how team work can help boost SA's economy.
Read more »
South Africa risks running out of money by March: reportSpeaking at an event over the weekend, Finance Minister Enoch Godongwana warned that South Africa’s bank account is almost empty.
Read more »
SA will be penniless by April 24 if it doesn’t cut expenditure: GodongwanaThe Minister of Finance is set to deliver his midterm budget on Wednesday on the back of some jitters over austerity measures.
Read more »