Tag: Nhlanhla Nene
Finance Minister Nhalnhla Nene said government's reduction in spending since 2013 is starting to bear fruit with less money going to consultants and caterers. It has freed up funds that is now being allocated to more important areas such as basic education and health. Here are the numbers that show government is spending in the right places.
Finance Minister Nhlanhla Nene introduced the National Treasury's Medium Term Budget Policy Statement to a joint sitting of Parliament on Wednesday 21 October. Read and download the speech here.
On Wednesday 25 February Minister of Finance Nhlanhla Nene delivered his first national Budget, one of the most critical and challenging of South Africa's democratic history. Watch the full address here.
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.
As Team South Africa returns from the World Economic Forum in Davos, Minister of Finance Nhlanhla Nene reflects on the common challenges faced by different countries across the globe - including ours - and reports back on the message communicated to the forum about the South African success story.
Nhlanhla Nene, South Africa's minister of finance, writes that achieving the three objectives of his recent policy statement – slowing government debt, improving its services, and speeding up economic growth – requires government, business, civil society and the people of the country to work together.