MTBPS23 – SA’s “social wage” spending massively outperforms peers
Treasury documents disclose that Pretoria now allocates 61% of its non-interest spending to the “social wage”
Treasury documents disclose that Pretoria now allocates 61% of its non-interest spending to the “social wage”
There’s a sage economics lesson contained in a single paragraph of Treasury’s documentation on the MTBPS.
South Africa’s presidency is proposing an ambitious spending plan of up to 88.5 billion rand annually to combat poverty, even as the National Treasury warns of dwindling resources.
The South African National Treasury has sounded a stern warning to the government: trim spending significantly or face dire consequences.
South Africa’s National Treasury has unveiled a strategic proposal to combat rising debt and restore fiscal credibility, introducing a new fiscal anchor.
The National Treasury knows that South Africa is heading into an economic crisis, but it can’t do much about that.
The SARB raised alarm bells that there is a growing reluctance from domestic investors to continue absorbing government issuance.Â
Despite chaos elsewhere, since 1994 South Africa’s Treasury has established a reputation as a centre of excellence.
Former head of SA’s national treasury has been tasked with restructuring and improving compliance at Johannesburg’s Moti Group.
Ramaphosa says South Africa is determined to address control shortcomings and exit the global financial watchdog’s dirty money watch-list.