Breakdown of Budget 2020
A proposal to cut the state's wage bill by R160.2 billion over three years as Treasury warns of ever-rising debt repayment costs, was one of the key announcements in the 2020 Budget. "For the credibility of our fiscal stance, that R160 billion or so needs to be found," Mboweni told journalists at a pre-Budget briefing. The proposal will anger unions which have warned against wage cuts. Mboweni presented the Budget […]