Mboweni Under Huge Pressure Over Wednesday’s Budget Speech

Tito Mboweni - Mboweni Under Huge Pressure Over Wednesday’s Budget Speech

Mboweni will make his maiden Budget speech in the National Assembly on Wednesday afternoon and is under huge pressure.

He’s expected to unveil details of the government’s rescue plan for Eskom. But strained public finances, a limping economy and the need to keep government debt in check make this Budget a tough test.

Mboweni arguably faces the toughest Budget of any finance minister in the country’s democratic history, and it comes as parties ratchet up their election campaigns.

The IFP’s Mkhuleko Hlengwa says South Africans are anxious about the state of the economy, and that Mboweni should avoid making empty promises.

“The minister is duty bound to step up to the plate and present practical and pragmatic interventions that are going to rescue South Africa from the economic slump that we are faced with.”

The party has a string of recommendations for Mboweni, including reducing Value Added Tax and suspending levies on fuel.

“The responsible thing to do is for him to present a Budget for all South Africans, without falling into the temptation of wanting to prop up the ANC with petty electioneering in the face of the crisis that we face.”

The Democratic Alliance is to set out its expectations for this year’s Budget later on Tuesday morning.

EWN

The post Mboweni Under Huge Pressure Over Wednesday’s Budget Speech appeared first on iAfrica.com.

1 comment on “Mboweni Under Huge Pressure Over Wednesday’s Budget Speech

Leave a Reply

Your email address will not be published. Required fields are marked *