Treasury confirms budget DDG's departure

Monday, November 13, 2017

National Treasury on Monday confirmed the resignation of Michael Sachs, the Deputy Director-General for the Budget Office.

Sachs will not be leaving National Treasury immediately to ensure a proper handover to another senior official and to allow for a smooth transition with as little interruption to the work of the Budget Office as possible.

Finance Minister Malusi Gigaba said he was saddened by Sachs’ resignation but also thanked him for his excellent service, and strong commitment to the national budget as well as the department over the years.

The Minister wished Sachs well in his future endeavours.

“Both the Director-General and I are aware of protecting the integrity and transparency of the Budget system and process, and ensure that all tax and expenditure decision processes continue to be run by the Treasury and Minister of Finance, and continues with the consultative process introduced by the first democratic government,” said Minister Gigaba.

Sachs has expressed his interest to serve the public sector in a different capacity.

“The Minister wishes to assure the nation that Treasury remains committed to a budget that focuses on fiscal consolidation and mindful of the economic challenges of the country while protecting the poor,” said Treasury. - SAnews.gov.za

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