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There has been mixed reaction to the budget delivered by Finance Minister Enoch Godongwana this past week.
Labour unions say the budget is anti-poor, while once again bailing out poorly managed state owned enterprises.
General Industries Workers Union Of SA President Mametlwe Sebei explains.
Tune into Newzroom Afrika channel 405 for morr details.
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Economists are optimistic that policy measures adopted by the government could help reduce the accumulated 80 trillion shillings of public debt.This assertion is conditional on the government maintaining a strict adherence to a reduced appetite for borrowing while widening the tax base. It is projected that the public debt will increase to 89 trillion shillings by the end of this month when the financial year ends.
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The Minister of Finance, Mr Enoch Godongwana, delivered his National Budget Speech on 22 February 2023. Watch our post-budget analysis with Nicky Weimar, Chief Economist at Nedbank who will take us through the key details of the speech and her analysis and opinion of what the likely economic impacts for the country will be.
Analysts say Finance Minister Enoch Godongwana’s address managed to achieve the near impossible, providing tax relief to working South Africans while restructuring Eskom’s debt and all of this in a low-growth economy. CEO at TransUnion Africa Lee Naik weighs in.
Tune into Newzroom Afrika channel 405 for more.
Our expert in tax law, Charles de Wet gives us a breakdown of predictions that could lie ahead for South Africa in the 2023 budget speech.
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The revised budget amounts to 1,981 billion CFA francs (3 billion euros) compared to 3,291 billion initially planned (5 billion euros), a drop of 40%.
READ MORE : https://[a]www.africanews.com%2F2023%2F10%2F07%2Fniger-junta-revises-2023-budget-by-40-percent-as-sanctions-bite[/a]
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Stanlib Chief Economist Kevin Lings spoke with eNCA's Devan Murugan. Courtesy of #DStv403
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Comparison of Kenya, Tanzania and Uganda budgets for 2023/24
Prime Minister and Minister of Finance, the Hon. Philip Davis announces new initiatives while delivering the 2023/24 budget communication.
Finance Minister Enoch Godongwana will have the unenviable task of balancing rising spending pressures amid lower economic growth, made worse by the intense load shedding.
This when he presents the National Budget tomorrow. The intensified rolling blackouts will negatively impact economic growth as well as revenue collection, which is hit by a lack of business profitability. It's expected the budget deficit will widen as expenditure pressures rise and less revenue is collected. Now let us get analysis we are now joined via zoom by Prof Daniel Meyer from the School of Public Management, Governance and Public Policy at the University of Johannesburg
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The World Tonight: President Ferdinand Marcos Jr. welcomes the swift passage by Congress of the government's P5.26-trillion national budget for 2023. The spending plan includes funding for education and public transport subsidies, but it also contains millions in pesos for intelligence funds that were restored to the education department's budget. Joyce Balancio has tonight's top story.
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Most parliamentarians in the National Assembly have welcomed this year's budget allocations to various ministries and departments, expressing hope for improved livelihoods for the populace through conditional income grants.
South African labor unions, including the Congress of South African Trade Unions (Cosatu) and the South African Federation of Trade Unions (Saftu), have announced their intent to engage in strike action, in response to planned budget cuts by the National Treasury.
The unions expressed concerns that these cuts, set to be unveiled in the country's medium-term budget policy statement later this week, would disproportionately affect workers and vulnerable communities.
Anchor: Lekan Onabanjo
Guest: Trevor Shaku, Spokesperson; South African Federation of Trade Unions.
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