The national treasury does not intend to raise taxes to make sure South Africa maintains a primary budget surplus over the next few years, says Deputy Finance Minister David Masondo.
He made the comment as a member of the audience at an event hosted by Rand Merchant Bank on Thursday morning, a day after Finance Minister Enoch Godongwana presented the medium-term budget policy statement (MTBPS) in parliament.
One of the more positive aspects of this year's MTBPS is the fact that South Africa will see a primary surplus for the first time in 15 years, meaning government expenditure is lower than revenue.
The treasury made a commitment in the MTBPS to target a primary budget surplus for the next decade.
Asked if a primary surplus is indeed possible for 10 consecutive years, Masondo jokingly said he was merely present at the event "to support" Godongwana, but he nevertheless responded to the question.
هذه القصة مأخوذة من طبعة November 02, 2024 من The Citizen.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 02, 2024 من The Citizen.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Why buying vacant land in an estate is a good investment
Investing in a coastal estate is beneficial for everyone from first-time buyers to families and retirees, but the big debate is often between buying a home or buying land and building oneself.
A rising star in clean living
Soweto-based entrepreneur and author of the book #I am a housekeeper, Mbali Nhlapo, widely known as the founder of Sisters @ Work and a viral TikTok sensation, has become a household name in South African homes.
Notre Dame gets love
Americans open their hearts and wallets
Heart-stopping vistas of Cape Town
Table Mountain is the lodestar
K-culture doing OK in Sunshine Land
Fans flock to sites associated with boy band
Hello? Calling my owner?
Lost, but nearly always found-even your pet
Proteas tighten grip
DOMINANT: STUBBS, BAVUMA TONS BAT SRI LANKA RIGHT OUT OF THE GAME
Sirino looks ready to go
Gaston Sirino (above) could return for Kaizer Chiefs in their Betway Premiership clash with Royal AM today at the Peter Mokaba Stadium in Polokwane.
Inexperience becoming a tired excuse
There will always be reasons that teams are defeated, but there is one particular excuse that has become too easy for our national cricket teams to lean on when they lose.
Cricket-mad Vaibhav's dream becomes reality
Dreams have come early for cricket-mad Vaibhav Suryavanshi, the shy schoolboy aged 13 who is the youngest player in Indian Premier League history.
