Bleak budget and buoyant Boks
November 5, 2019
The Springboks’ incredible World Cup triumph was a welcome distraction from a week dominated by the gloomy Medium Term Budget Policy Statement (MTBPS). A huge tax revenue shortfall,
The shock deterioration in SA’s fiscal parameters presented in the Medium-Term Budget Policy Statement, together with the lack of detail on how government intends to remedy the fiscal
Time for South Africans to live and let live
October 31, 2019
It is time for a policy about-turn. One that places the interests of the people above the narrow interests of politicians at the helm of the government and their rent-seeking bedfellows
Fiscal and debt targets missed by far
October 31, 2019
Much weaker fiscal picture than previously expected over medium-term expenditure framework (MTEF) between FY19/20 and FY21/22 è relative to February 2019 budget projections
MTBPS laden with rhetoric but short on spending cut details
October 31, 2019
While Mboweni’s speech was filled with rhetoric around commitments to cut expenditure and narrow the deficit by February 2020, there were no details on how government proposes to cut spending.
PPS media commentary on Medium Term Budget Policy Statement
October 31, 2019
Finance Minister, Tito Mboweni, addressed Parliament to table the Medium-Term Budget Policy Statement (MTBPS). He was candid in his assessment of the fiscal situation in South Africa
MTBPS limited options need political will to execute
October 31, 2019
The Medium Term Budget Policy Statement (MTBPS) highlights the unsustainability of the debt trajectory and shows that it has worsened significantly. Even after removing the impact of Eskom’s bailouts,
Small business got no government support
October 30, 2019
Whilst we welcome many of the measures that Minister Mboweni announced today he seems to once again have ignored the productive part of the economy being the SME business owners
