“Given the level of decay in all of those areas; the budget did not disappoint in this regard,” he said.Blackmore said the budget was positive as it showed an intense infrastructure focus.
“The 2023 Budget has improved Eskom’s cash flows, allowing it to burn more diesel and confidently embark on its maintenance and fixed investment programme,” Jacobs explained.“Government has offered a staggered debt solution to deal with Eskom’s R423 billion debt burden over the next three years. This will consist of loans, to be converted into equity when conditions have been met, and a debt transfer in F25, totalling R254 billion,” she explained.“This loan/equity, combined with the 18.
“This will help SMEs to improve their bottom line as less load shedding means more revenue and less costs on running an alternative energy solution like a generator running off fuel,” she said. “Importantly, the direction laid out in the 2022 medium-term budget policy statement in October last year was one of ongoing consolidation with a return to a primary budget surplus, which is revenue less non-interest expenditure.
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