PREMIUM!

Mboweni has many balls to juggle in emergency budget

Government 8 months ago

However, it is unlikely that he would turn to taxes, since an increase in personal income tax, corporate income tax and value added tax ‘is unrealistic’.


23 Jun 2020
PREMIUM!
Mboweni has many balls to juggle in emergency budget

Finance Minister Tito Mboweni places an Aloe ferox plant on the podium prior to delivering his budget speech in parliament, 26 February 2020. Picture: AFP

Finance Minister Tito Mboweni will deliver his most difficult budget on Wednesday but should have a firm hand in terms of the country’s spending, economists say. Mboweni is expected to table the special emergency budget on Wednesday on government’s plans to bring financial relief due to the coronavirus pandemic. The minister will tell the country how the R500 billion relief fund announced by President Cyril Ramaphosa in April will be spent. But this will be done through the zero-based budget approach, meaning all budgets will start from scratch and each organisation and department will be allocated funds on a needs...

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