Mboweni expected to balance urgent need for economic growth, job creation
will present what many say will be the most important budget of the democratic era in Parliament on Wednesday. He will have to balance the urgent need for stimulating economic growth with the necessity to cut costs across government.
Vavi says this is in preparation for their picket during Mboweni’s budget speech. He says they will present suggestions to Parliament on formulating policies to grow the economy. According to the experts, the collection of revenue from traditional sources has been exhausted and new options are limited. In the Medium Term Budget Policy Statement in October, revenue shortfall for the current financial year was projected at R53 billion.
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