Economists and political parties said Finance Minister TitoMboweni has little room to manoeuvre, but he must maintain fiscal discipline. budget
This comes as economists and political parties on Tuesday said Mboweni has little room to manoeuvre, but he must maintain fiscal discipline.
Economist Azar Jammine, of Econometrix, said the impact of Covid-19 would depend on the increase in expenditure and assistance in social grants individuals receive. DA spokesperson on finance Geordin Hill-Lewis said the government must start introducing structural reforms in the economy.“He must also unambiguously commit the government to a programme of fundamental economic reform to reposition our economy for growth. Without this reform, our slow decline and greater impoverishment will continue,” said Hill-Lewis.
“What we expect of Finance Minister Tito Mboweni is that the Budget will be focused on economic recovery and job creation, while ensuring that drastic measures are taken to cut non-service delivery and non-essential line items from budgets across the board,” said the IFP in a statement.
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