Top Tweets for #RSABudget
@budgetjusticesa @SubiBuseko Governments can create or diminish fiscal space through their policies and actions. By modifying sources and levels of funding, governments are able to generate new internal or external resources on a sustainable basis! #PhansiAusterity #RSABudget
‘Don't Be Fooled You are Paying More Tax - #RSABudget 2019’ on #SoundCloud #np
For the full post-budget podcast hosted by @mayaonmoney go to https://t.co/fBJen6lQKU
https://t.co/STEmxUSCEC
What @IrajAbedian wanted @tito_mboweni to say “R400bn has been stolen. We know who stole it and we are going to get it back” This includes politicians, consulting firms, banks, companies etc #RSABudget @dailymaverick
Busisiwe Radebe @Nedbank economist points out that if government did not have debt repayment it could double the spend on social services #deloittebudget breakfast #RSABudget
POD: Just what the #RSABudget means for taxpayers? @aycawe chats to Carla Rossouw, tax manager at Allan Gray.
https://t.co/DeOgG06pzg.
#LongTermInvesting
#POWERBusiness
POD: Post #RSABudget panel discussion with @aycawe, Zwelakhe Mnguni @BenguelaGlobal, Busisiwe Radebe @Nedbank & @KaraboMashugane the Founder & CEO of 20/20 Insight. https://t.co/Cispxhm58Y.
#POWERBusiness
#RSABudget Treasury's Budget Office acting head Ian Stuart clarifies: after amortisation it would be R150 billion over 10 years - depends on #Eskom restructuring, tariff hikes over long term, economic growth and energy demand. A lot of work still has to be done GD
#RSABudget #RSABudget Mboweni's told Parliament's finance committee's that Eskom's R23bn a year financial support will extend over 10 years at a cost of R230 billion - far more than R69 bn for next 3 years in Budget. Treasury official says it's R150 bn over the decade GD
#RSABudget Mboweni says debt to GDP ratio needs to be brought down to “less than 40%”. GD
#RSABudget Mboweni obliquely refers to “people in some parts of the world” who think we can’t manage our finances and might want to come & assist – “we don’t want them to, but they might” GD
#RSABudget SOEs, along with public service wage bill, the biggest fiscal risk. Steep increase in debt:GDP of serious concern (on track for 60.2% by 2022/23). GD
#RSABudget Mboweni Even when economy is not growing, the population is – increasing demand for grants and pressure on hospitals, schools. GD
#RSABudget Mboweni: Demands for spending far exceed revenue, hence the deficit, before borrowing in the market and a huge interest bill. No matter how often we explain the constraints, demand does not moderate GD
#RSABudget Mboweni: There's no endless supply of cash out there - National Treasury does not have a printing press. GD
#RSABudget Finance Minister Tito Mboweni and team now briefing parliament's finance committees; chairs of provincial legislature finance committees also here. GD
Isaiah 55:12 Quote @tito_mboweni “For you shall go out in joy and be led forth in peace; the mountains and the hills before you shall break forth into singing, & all the trees of the field shall clap their hands” #RSABudget #BudgetSpeech #Joy #Peace #SouthAfrica #Eskom @_cosatu
Mabuza on #Eskom CEO Phakamani Hadebe engagement with ratings agencies earlier today - 'He's busy with the rating agencies. Eskom's debt is R420 billion. Lenders rely on us to pay on time. It's important to take them along about how & what we're going to do'.
#RSABudget
Mabuza - 'It's clear when you look at the life of these power stations is about 38 years and what was spent on maintenance is half of what was budgeted. It shows in the system falling over.'
#Eskom
#RSABudget
Mabuza - 'Since our appointment in January 2018 #Eskom as leadership we've spent time on the clean-up at #Eskom, maybe spent too much time on that. It's become clear that the challenges are of an operational nature - system unable to generate enough power'.
#RSABudget
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