Ramaphosa: Our finances are constrained, we will have to make difficult choices

Lew Skannen

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SA's public finances are constrained and government will have to direct resources to programmes with the greatest impact on poverty alleviation, job creation and economic growth, President Cyril Ramaphosa said.

The president was addressing the National Assembly on Thursday, as part of his replies to issues raised by MPs during the State of the Nation Address debate which has taken place over the past three days.

"We are at a moment in our history where we need to make difficult choices. Our public finances are constrained, we will hear this more clearly when Finance Minister Tito Mboweni announces the budget," he said.

The finance minister will announce the National Budget on February 20.

https://www.fin24.com/Budget/ramaph...-will-have-to-make-difficult-choices-20190214
 

John Tempus

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Aug 8, 2017
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This is what happens if you run out of other people's money.

But there is an endless gravy train to slurp from.

I await the all new "FIXITALL" tax brackets and tax increases. Hey they might even include a special tax for anyone who is actually employed where we will need to wear some sort of $ sign on our chest to indicate who of us are vile enough to make a living by working.
 
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Cube3

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This whole thing seems staged AF , watch some close buddy of the President come to the rescue and make billions in the process.
 

NarrowBandFtw

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Constrained ... Roflmao

Strange euphemism for FUBAR

but you won't be making tough choices squirrel, you'll be expecting tax payers to take it even deeper. as if it's not obvious to anyone with a brain
 

reactor_sa

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Feb 6, 2009
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Our monthly take home pay...
Probably. We have seen that they cannot cut expenses, the budget deficit to GDP with be 56% when Tito gives the budget speech next week. Or it might as well be because we will have to bailout Eskom again for sure.
 
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