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Moneyweb 28 Oct 2020  #MTBPS2020
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Finance Minister Tito Mboweni’s 2020 Medium-Term Budget Policy Statement contained a few surprises…. Here’s all you need to know about SA’s finances and how its money is being divvied up.

Mboweni finally moves to slash government wage bill

To bring SA’s debt and budget deficit under control. OPEN IN APP
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Mboweni manages to maintain budget deficit forecast at 15.7% of GDP

In the face of concerns that it could widen further. OPEN IN APP
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Government bails out SAA again

 
Airline will receive R6.5bn to settle its guaranteed debt and R10.5bn to implement its business rescue plan. OPEN IN APP
6 comments

MTBPS: Eskom receives R23bn in financial support

 
But government allocation for the power utility has been reduced by R4.2bn over the medium term. OPEN IN APP

Treasury’s 2020 GDP forecast revised down to 7.8% decline

 
But expects 3.3% growth next year. OPEN IN APP

LIVE ARCHIVE: Tito Mboweni tables MTBPS 2020

 
Read the finance minister's MTBPS speech in full. OPEN IN APP
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