DStv Channel 403 Monday, 04 November 2024

Medium-term budget speech | Tough decisions to be taken

JOHANNESBURG - Tough decisions will have to be announced in the Medium Term Budget Policy Statement.

Finance Minister Enoch Godongwana will deliver the speech on Wednesday afternoon.

No announcements on tax increases will be made.

This policy statement is rather an update on the government's finances and their plans.

One of the decisions is the ever-increasing public-sector wage bill, and if inflation-related increases are viable.

Another tough one is the National Health Insurance, and how it will be funded.

Will taxes be increased, putting a further burden on personal finances?

And don't forget grants and struggling SOEs.

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