
Unpacking Mboweni's medium-term budget
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Finance minister Tito Mboweni has presented his medium-term budget. The MTBPS puts forward a bold plan to slash government's wage bill over the next three years as a way to reign in a soaring budget deficit. The budget also shows that funding state owned enterprises will come at a sacrifice as government will take money from other departments to support the balance sheets of SOEs. Business Day TV spoke to Isaah Mhlanga, executive chief economist at Alexander Forbes and Kevin Lings, Chief Economist at Stanlib for their take on what was presented by Mboweni.





