Discussion | Hard choices to curb government spending

Hard choices ro curb government spending 1/6
0 seconds of 1 minute, 54 secondsVolume 90%
Press shift question mark to access a list of keyboard shortcuts
00:00
01:54
01:54
 

PRETORIA - There is R167 billion rand which is the total amount of money that remains after the nation pays salaries, social grants, and interest on its debt.

Not much, given that SARS only made slightly more than R1.8 trillion.

For this reason, the National Treasury is struggling to find new ways to boost the public coffers.

READ | Relief as US Congress averts government shutdown

Songezo Zibi, the leader of Rise Mzansi, claims he might have a way to defuse the tensions over the proposed VAT increase.

However, Zibi acknowledges that if we want to escape this situation, South Africans will have to make difficult decisions.

He said the government overpays for many things and 90% of composition expenditures must change over time in order to fund service delivery. 

 

You May Also Like