Budget shows ‘govt becoming realistic on how it deals with issues’

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Budget shows ‘govt becoming realistic on how it deals with issues’

Minister of Finance Tito Mboweni and President Cyril Ramaphosa after the 2020 National Budget Speech at Parliament House on February 26, 2020 in Cape Town. Picture: Gallo Images / Brenton Geach

‘The minister sees you can’t keep on milking the taxpayer budget after budget,’ an analyst said, while another stated the budget won’t increase growth.

Finance Minister Tito Mboweni presented a realistic budget. The fact that he took a political risk with the ANC left allies with a plan to reduce the public wage bill and indicates a determination to take the country out of the doldrums. Political economy analyst Dr Daniel Silke, who was in parliament yesterday, also said: “The fact that there are no tax increases indicates a shift in thinking … “The minister sees you can’t keep on milking the taxpayer budget after budget,” Silke said. Another analyst, Zamikhaya Maseti, said Mboweni’s interventions to boost the economy would not go far enough....



 


 

 

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