Spend money on infrastructure projects, BMF urges government

JOHANNESBURG-The financial crisis at state owned entities continues to be a big concern on an already loaded public purse. Finance Minister Tito Mboweni says this situation is likely to deteriorate even further during his supplementary budget on Wednesday.

JOHANNESBURG - The Black Management Forum wants government to spend more money on infrastructure projects to stimulate the economy.

Its president Andile Nomlala was speaking during an interview earlier following Finance Minister Tito Mboweni's supplementary budget on Wednesday.

WATCH: Mboweni tables emergency budget

Nomlala says that the government does not prioritise infrastructure projects. 

"The focus should be in making sure that there's budget, funds available for infrastructure projects," Nomlala said.

READ: SACP slams Mboweni's decision to borrow money

"The government must do reforms to ensure that there is cost-effective measures and value for money for government projects". 

South Africa is experiencing low economic growth which has been worsened by the COVID-19 pandemic. 

Source
eNCA