Government adopts zero-budgeting approach to cut spending:
Finance Minister Tito Mboweni has announced a zero-budgeting approach that will see government cutting spending on programmes it can no longer afford.
: SAnews – South African News seshnee
R100 billion set aside to respond to COVID-19 jobs challenge:
Finance Minister Tito Mboweni says the National Treasury has set aside R100 billion to support government’s response to job creation.
: SAnews – South African News seshnee
Projects postponed, funds redirected to COVID-19:
In preparing the 2020 Supplementary Budget, National Treasury and national departments have conceded that certain projects and programmes will have to be postponed from the 2020/21 financial year.
: SAnews – South African News sihle
Government to borrow billion as debt rises:
Finance Minister Tito Mboweni says government will need to borrow US$ 7 billion from international finance institutions as one of the measures to cover the budget hole brought about by South Africa’s response to the COVID-19 pandemic.
: SAnews – South African News seshnee
R21.5bn set aside for COVID-19 health, frontline services:
National Treasury has set aside R21.5 billion for COVID‐19‐related healthcare spending for health and frontline services, as government continues to treat and contain the spread of the pandemic.
: SAnews – South African News sihle
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