Mtbps 2023
latest news & developments
Transnet bailout still a possibility but treasury wants to see progress first
Finance Minister Enoch Godongwana said he would resist the temptation to respond to the entity’s call for a cash injection through the media
Government budgets for natural disasters
A report by treasury and the World Bank estimated the average funding gap for financing disaster response in South Africa at R2.3 billion
Plans to reconfigure state will be announced in February
The aim is to get better value for money spent, and to close or merge entities, Finance Minister Enoch Godongwana said
As state debt grows, government eyes Eskom loan amendments
The treasury is looking to enforce strict conditions on the power utility, which is viewed as a major risk to the country’s economic outlook
Godongwana sticks to fiscal consolidation rule book
The minister underlined that in the wake of efforts to grow the economy, the government must respect budget constraint
The Fiscal Cliff | Will austerity push South Africa to the brink?
Today, as the country awaits the next update on the state of its public purse, the prospect of a debt crisis seems more imminent than before. This is as South Africa’s fiscal…
Austerity, the NDP’s grim reaper
Ten years after its adoption, the government has failed to achieve the targets set out in the National Development Plan. Looming spending cuts will render the NDP even more futile
The high cost of austerity
Another round of spending cuts stand to shake the governing party’s already rickety foundations
Budget austerity ‘a victory’, but at what cost?
Critics of fiscal consolidation warned that spending cuts would harm an already fragile economy