South Africa: 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.

Mboweni said this when he tabled the Supplementary Budget Review at the National Assembly on Wednesday. The budget was necessitated by President Cyril Ramaphosa's announcement that government would spend R500 billion to support the economy's resuscitation following the outbreak of novel Coronavirus.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.