LIVE: Supplementary Budget speech

grok

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Dec 20, 2007
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What is this sheite.. Budget Speech Level 3 Advanced?
 

3WA

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Sep 25, 2012
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Zero-based budgeting - is that when you know the budget is zero?
 

3WA

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Sep 25, 2012
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Are we doing a drinking game or is that just for SONA?
 

3WA

Executive Member
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81% debt at the end of this year. Drink!
 

Mike Hoxbig

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Apr 25, 2010
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They keep saying they've flattened the curve. Yet the curve is more exponential than ever. More daily positive cases and deaths than at any point since it hit SA.

And they're opening up more of the country which will probably help "flatten the curve" more. But it's cool cos the smoking ban will kill the disease...
 

ToxicBunny

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Oi vey.. so someone is going to implement the process to start implementation?
 

3WA

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Did he not say anything or am I just drunk?
 

Chris_the_Brit

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Mar 6, 2004
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Negative 7.2 percent GDP is far too low IMO. Europe's biggest economy, Germany, is forecasting a reduction of 6 percent in GDP in 2020.
 

rietrot

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Aug 26, 2016
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Speaking about the revised fiscal framework, Mboweni says that total consolidated budget spending, including debt service costs, will exceed R2 trillion for the first time ever.
He says SA will also miss its tax target by R300 billion.
"Gross tax revenue collected during the first two months of 2020/21 was R142 billion, compared to our initial forecast for the same period of R177.3 billion.
"Put another way – we are already R35.3 billion behind on our 2020/21 target. As a consequence, grosstax revenue for the 2020/21 fiscal year isrevised down from R1.43 trillion to R1.12 trillion. That means that we expect to miss our tax target for this year by over R300 billion."
Income R1 Trillion at best.
Expenditures R2 Trillion.
 

rietrot

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Aug 26, 2016
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And nothing on how we are going to close the gap. ANC for you.
Tito does talk alot about the debt getting too high, but I think he knows he can easily be removed if NDZ instructs Cyril to do so.

And Carona justifies any spending.
 
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