Despite a plummeting tax revenue base, Mboweni has also set aside another R6.5bn for SAA to settle its government guaranteed debt and related interest.
This was announced in parliament on Wednesday by Mboweni has he tabled his medium-term budget policy statement . The MTBPS also showed that another R84.7m has been allocated to communications industry regulator Icasa to help fast track the licensing of high-demand spectrum, needed among others to reduce the cost of data and stimulate competitions in the lucrative telecoms industry.
Mboweni told MPs that he managed to find funds to allocate yet another bailout to SAA by reducing budget allocations to largely administrative operations of government departments, especially the compensation of employees. This would see the salary budgets from front line service delivery departments such as basic education, higher education, health and many others reduced in the next three years as government plans for a pay freeze.
Why does Zondo needs another R63bar we know everybody got shit on them
Sthe_Notywala Yhooo ha.a bethunana💔💀
R63m only to deny and forget things
More the commission is moes expensive
Unbelievable
Groot gemors!
What the hell!
Oh Lord, help and protect us from these ANC leeches 🙆🏽♂️
Indeed budget for the looters as always
63 million kanti when are they finishing. Anything for small businesses?
I’m happy for R63m. Until ACE GANGSTER MAGASHULE IS ARRESTED THEN YOU WILL STOP FUNDING ZONDO.
This is bullkaka
Oh boy...
🤣🤣🤣
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No budget cuts and no bailout for SAA: What SA expects from Tito Mboweni's mini-budgetThe country is waiting with bated breath for finance minister Tito Mboweni to table his medium-term budget policy statement in parliament on Wednesday afternoon.
Source: TimesLIVE - 🏆 28. / 59 Read more »