The National Treasury has proposed several changes to the structure of provincial conditional grants over the next three years, Finance Minister Enoch Godongwana has revealed in his first Medium Term Budget Policy Statement.
As it prepares for the 2022 Medium Term Expenditure Framework (MTEF), the National Treasury is researching possible avenues to consider as it seeks to address social grant shortfalls.
Infrastructure allocation for health will in the interim be delayed as government continues to prioritise its response to the COVID-19 pandemic, says Finance Minister Enoch Godongwana.
Service delivery will be the focus of the budget over the next three years, says Finance Minister Enoch Godongwana.
Delivering his maiden medium term budget on Thursday, Finance Minister Enoch Godongwana says policy statement is about navigating South Africa’s path to economic and social recovery by expediting the implementation of structural reforms.
Successfully tackling high levels of unemployment, particularly among young people, will rely on the effective implementation of the Economic Recovery Plan, the National Treasury said on Thursday.
With debt service costs standing at 21 cents to the rand due to a high expenditure items like the public sector wage bill, the National Treasury has announced that spending will remain restrained over the next three years.
The National Treasury has projected the country’s economy to grow by a rate of 5.5 % in 2021.
The National Treasury says it will use the higher-than-expected revenue collection to reduce the budget deficit.
Inflation is expected to rise to 4.5 % in 2021 due to pressures from food and energy prices, the National Treasury said on Thursday.
Fiscal and critical policy considerations are expected to be the order of the day when Finance Minister Enoch Godongwana delivers his first Medium Term Budget Policy Statement (MTBPS) in Parliament today.
Eskom CEO Andre de Ruyter says the power utility will reduce load shedding to Stage 2 today and he expects load shedding to be completely lifted by Friday morning.
The Department of Employment and Labour is committed to secure payment methods to its beneficiaries.
Developing countries continue to lead from the front on climate change actions, despite not bearing historical responsibility for causing climate change.
South African Airways (SAA) says it is working Mango Airlines and its business rescue practitioner to resolve the challenges facing the low cost airline.
