DStv Channel 403 Friday, 13 December 2024

WATCH | Finance Minister Godongwana discusses medium term budget

 

JOHANNESBURG - Finance minister Enoch Godongwana says he's optimistic about the country's finances. 

He tabled the medium-term budget policy statement in Parliament this week.

READ: Slow economic growth forcing government to make tough financial decisions - Godongwana

The minister tackled some of the challenges in restoring economic growth and stabilising public finances.

Godongwana says debt service costs are projected to rise at a nominal annual average rate over the next three years.

Meanwhile, 5.2% of the budget will go towards servicing debt.

eNCA's Heidi Giokos was in conversation with the minister.

 

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