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Finance Minister Enoch Godongwana said he tabled his 2022 Medium-term Budget Policy Statement (MTBPS) at a time when the government was stuck between "a rock and a hard place", giving relief in only the most urgent circumstances with strict conditions.
Godongwana's MTBPS introduced R23.7 billion for Sanral and a commitment for the national and Gauteng provincial governments to take on the road agency's debt. The management of the electronic tolling system of the Gauteng Freeway Improvement Project (GFIP) will also shift to the Gauteng government.
The Post Office, SABC, and SAA received no new allocations, but Denel, and Transnet got debt and capacity-related assistance from the MTBPS.
The MTBPS also penciled in an average growth rate of 3.1% to the public service wage bill in the medium term, angering unions in ongoing wage talks.
Godongwana told Parliament's Standing Committee on Finance, the Standing Committee on Appropriations, the Select Committee on Finance, and the Select Committee on Appropriations on Thursday that his MTBPS hoped to make room for substantial infrastructure investments, the social wage, and improvements to basic services, but difficult trade-offs were on the table.
E-tolls may be dead, but Gauteng drivers will still pay for freeway - Godongwana | Business
Finance Minister Enoch Godongwana said his medium-term budget hoped to make room for substantial infrastructure investments, the social wage, and improvements to basic services.
