South Africa's Finance Minister Tables a One-Point-One Trillion Rand Budget

Author:
sabcdigitalnews
Publisher:
sabcdigitalnews
Publication Date:
27 February 2013
Tags:
South Africa

Its been hampered by global fiscal storms...and poor local economic growth. The Finance Minister was upbeat, saying more money will be put in the pockets of the poor and unemployed. The Youth Wage subsidy was also given the go-ahead.

Tax revenue is currently 16 billion rand lower than previously estimated.  This is forcing government to cut spending by 10 billion rand over the next 3 years.



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