Finance budget 2024/25: SA paying R380 billion just to service national debt

.Finance minister Enoch Godongwana announced the fiscal directives his office will be undertaking in the coming financial year.

Although he admitted the fiscus was under strain, Godongwana said the department’s performance over the previous financial year presented positive reading.Supporting infrastructural and economic development while better managing government assets would be amplified by streamlining government procurement and ensuring better overall financial management.

“These comments are currently being considered and I will be gazetting new regulations aimed at streamlining the administrative process, reducing the timelines and providing for a systematic approach to unsolicited proposals,” said Gondongwana.

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