Finance Minister Tito Mboweni says SA must adapt to the new situation. Courtesy
JOHANNESBURG - Finance Minister Tito Mboweni has painted a bleak picture for the economy in his response toThe country is in recession and tax revenue is weak.President Ramaphosa asked to rein in MboweniMboweni has asked government departments to get used to zero-based budgeting. That's when all expenses must be justified for each new period.
Budgets are then built around what is needed for the coming period, regardless of whether each budget is higher or lower than the previous one.The new situation, in my view, requires that we think seriously about going to zero-based budgeting, in other words, refocus our attention on strategic issues and refocus on growth-enhancing activities," he said.
What new situation ? “Looting” ? Ain’t that new ANC been doing it for years
I hope it’s meant that we must adapt to a corruption free SA, because that will be quite welcome and easy to adapt to. With less corruption the poor can then receive water, houses, electricity, and jobs. We deserve our basic HUMAN RIGHTS
HeidiGiokos Get rid of bloated Government before you tell ordinary citizens to have zero budgets!! We have had those for a while! Your Billionaire Government living large on fine food and drink and stealing the rest! Shame on you all!
So what use are you to the citizens then, don't we pay you to sort shit out?
ANC has ran out off ideas 💡 it’s high time that all of us including them to realize that,and put people who would take this country forward not these clowns 🤡 that lead now
PutSouthAfricansFirst
Leadership I think your approach in issues should change now, I thought you will say something about the Corruption that is taking place in ESKOM R5billion has just gonna missing njee
we can start with a new government
Can we start with the cabinet ministers first please mboweni_tito
SMH mxm
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mboweni recommends government budgeting off a clean slateThe finance minister says now is the time to be ‘brave, forthright and determined’ in adopting a feasible budget thulilemngome why did this remind me of you? Can someone explain to me what zero based mean? ✅
Source: BDliveSA - 🏆 12. / 63 Read more »