Mboweni expected to do a balancing act

Finance Minister Tito Mboweni will have to do a fine balancing act when he presents his medium-term budget review to Parliament this week. Courtesy #DStv403

JOHANNESBURG - Finance Minister Tito Mboweni is expected to do a balancing act when he presents his medium-term budget review to Parliament on Wednesday. 

He's facing a tax short-fall as well as major expenses from State-Owned Enterprises and other projects. 

WATCH: Mboweni delivers 2019 budget speech

It is projected that there will be a six percent increase in deficit and an overall R50-billion to R60-billion shortfall from SARS.

There is also an anticipated removal of companies which are underperforming financially. 

Source
eNCA

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