News Formal

Minister of Finance to Present Budget for 2024 Fiscal Year

  • 📰 2oceansvibe
  • ⏱ Reading Time:
  • 31 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 51%

Finance News

Minister Of Finance,Budget,Fiscal Year

Minister of Finance Enoch Godongwana will be presenting the country's budget for the upcoming fiscal year in Parliament at a sitting of the National Assembly at the Cape Town City Hall tomorrow, 21 February 2024. The budget speech is expected to address the country's financial challenges, including credit rating downgrades, government debt, and a significant deficit. The timing of the speech, just before a national election, adds to the difficulty for the minister.

Minister of Finance Enoch Godongwana will be presenting the country's budget for the upcoming fiscal year in Parliament at a sitting of the National Assembly at the Cape Town City Hall tomorrow, 21 February 2024. With humiliating downgrades from credit rating agencies, runaway government debt, and a catastrophic deficit of 6% of our GDP, Minister of Finance Enoch Godongwana is likely to make us all weep a little come Wednesday evening.

The 2024 Budget Speech falls right before a national election, which makes it even harder for the minister. Comments such as "brace for financial challenges," are the last thing a government wants to tell voters, but we've come to the eye of the needle, and someone will have to get knee-capped before we pass through. Odds are it is the taxpayer. The 2024 Budget will present an overall look at the state of the country’s finances, amendments to tax, spending plans for the upcoming fiscal year, distribution of revenue across government and distribution of expenditure across national department

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 43. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Africa Live: Ghana's finance minister sacked in major reshuffleKen Ofori-Atta has been overseeing Ghana's debt restructuring efforts after the West African country defaulted its external debt in 2022 - and more stories
Source: BBCAfrica - 🏆 23. / 61 Read more »

New Finance Minister After Major Ghana Cabinet ReshufflePresident Nana Akufo-Addo has relieved 13 ministers, including embattled finance minister Ken Offori-Atta, ten months before the country's general elections in December. Ghana has been grappling with a severe economic crisis in recent years, marked by high inflation.
Source: allafrica - 🏆 1. / 99 Read more »

10 things about Mohammed Amin Adam, Ghana’s finance ministerAkufo-Addo’s new finance minister, Mohammed Amin Adam, inherits a difficult portfolio amid crucial negotiations with creditors over Ghana’s $3bn IMF bailout.
Source: TheAfricaReport - 🏆 29. / 55 Read more »

Finance Minister under pressure to cut consumers some slackFinance Minister Enoch Godongwana is facing pressure to reduce fuel levies and keep property and personal taxes unchanged ahead of his budget speech in Parliament.
Source: ewnupdates - 🏆 30. / 53 Read more »