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.
This story is from the November 02, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 02, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Scotland may be too brave
Scotland's 57-17 hiding handed to Fiji on Saturday has got all the fans up north excited about their team's prospects against the Springboks in Edinburgh this Sunday.
RECORD CHASERS
BUCS: HISTORY BECKONS IF THEY BEAT RICHARDS BAY
Jordan happier in No 10 jersey
Springbok utility back Jordan Hendrikse (below) is happy to fit in with the national team wherever he is needed, although he would prefer to feature in his main position at flyhalf.
Black Caps are 'taking on the world'
Mumbai - New Zealand batsman Daryl Mitchell hailed his side as \"a bunch of Kiwis taking on the world\" after their historic 3-0 Test series triumph in India.
Chawane hails early progress
Team captain Khanyisa Chawane (above) is pleased with the early progress shown by the Proteas netball squad under new leadership.
'Insane' Max is nudging closer
BRAZIL: ONE OF THE GREATEST WET WEATHER DRIVES
Amorim is turning to red-hot striker Gyokeres
Lisbon - Sporting Lisbon coach Ruben Amorim is relying on red-hot striker Viktor Gyokeres (right) to land a blow on future rivals Manchester City, in his final Champions League match at the helm today.
Barca keep on soaring higher
Barcelona - Dani Olmo (above) scored twice on his first start back from injury as Barcelona beat local rivals Espanyol 3-1 on Sunday to move nine points clear at the top of La Liga.
A 'beautiful challenge'
ALONSO: FORMER LIVERPOOL STAR RETURNS TO ANFIELD WITH LEVERKUSEN
Mngqithi shrugs off 'favourites' tag
Mamelodi Sundowns coach Manqoba Mngqithi (right) has dismissed his side's \"favourites\" tag after knocking Kaizer Chiefs out of the Carling Knockout on Saturday.
