Mid-Term Budget | Previewing the budget speech with Duma Gqubule

Treasury has just two days to put the finishing touches on government’s spending plans.
Finance Minister, Tito Mboweni, will deliver the Medium-Term Budget Policy Statement on Wednesday. Unlike the February budget, it lays out spending priorities for a number of years, and not just one, and specific funding measures like tax changes are not usually announced. A big headache for the Finance Minister in South Africa’s debt burden. In June Mboweni said he could achieve a total of R400 billion of savings to help stabilise South Africa’s debt in a few years’ time. But economists are questioning if that’s possible. To discuss we’re joined by the Director of the Centre for Economic Development, Duma Gqubule.

For more news, visit and also #SABCNews #Coronavirus #COVID19News on Social Media.

Leave a Comment