Treasury officials appeared before a joint meeting of Parliament’s finance committees on Friday to respond to critique from civil society on the budget tabled by the finance minister last week.
CAPE TOWN - The National Treasury said despite the stagnant economy it believes it can meet its 2020 commitments to reduce the budget deficit and stabilise debt, without compromising on social spending.
Treasury officials have appeared before a joint meeting of Parliament’s finance committees this afternoon to respond to critique from civil society on the budget tabled by the finance minister last week. Treasury Director General Duncan Pieterse has ruled out using some of the R150 billion from the Reserve Bank’s gold and foreign exchange account to help struggling SOEs.