Tags Medium term budget policy statement

Tag: medium term budget policy statement

MTBPS 2015: Nene 'cost cutting reduces government consumption'

MTBPS 2015: Nene ‘cost cutting reduces government consumption’

Finance Minister Nene says cost containment measures implemented in 2013 have led to a drop in state consumption, and the Treasury has proposed a rise in spending in the long term to sustain debt levels in rough economic times, including a R200-million investment in energy.

Nene walks a tightrope

The budget will be a balancing act. Reining in spending and raising taxes will usher in a few years of pain – not very heavy pain, but unavoidable pain – and the finance minister will need to find a way to spread it among as many groups as possible without causing anger or resentment.

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