Treasury says it will be keeping a tight fist on the country’s finances and won’t be entertaining any new, major spending requests.
That’s what it needs to do if it’s going to reduce the country’s exorbitant debt, expected to reach R4.3-trillion this year.
Treasury says if it reins in spending over the medium term, the country could raise a small budget surplus by the middle of this decade.
It says addressing the energy crisis, and the stifled communications sector, is key to encouraging more private sector investment to grow the economy and create jobs.
Families, Rescuers Search For Victims Of India’s Worst Train Crash In Decades
Matters Related To Putin Not On BRICS Meeting Agenda – Pandor
Professor Taole Mokoena appointed As SA’s New Health Ombudsman
Glencore Ferroalloys Supports Local SMME In Steelpoort With Two 65-Seater Busses
Car-Sharing Could Hold The Key To The Future Of SA’s Mobility In Urban Areas
Debt Ceiling Deal Wins House Approval
SA’s Health System A ‘Dysfunctional Mess’ That Can’t Be Fixed – Makgoba
Zimbabweans In SA Have A Month To Find Alternative Ways To Regularise Stay
Power Grid Collapse ‘Highly Improbable’ – Ramokgopa
Government Is Intensifying The Fight Against Crime – Ramaphosa
Ending Loadshedding Is Ramaphosa’s Top Priority
HEALA Urges SA Public To Comment On Draft Food Labelling Regulations