MTBPS2018: Tito Mboweni needs to get serious about cutting wasteful expenditure in SA

Issued by David Maynier MP – DA Shadow Minister of Finance
23 Oct 2018 in News

Please find attached an English soundbite by DA Shadow Minister of Finance, David Maynier MP.

We cannot expect ordinary people, who are battling to make ends meet, as a result of tax increases and petrol price hikes, to continue to fork out for:

  • bloated executives, and legislatures, which will cost R50 billion over the medium term between 2018/19 and 2020/21;
  • staggering national debt, and debt service costs, which will cost R592 billion over the medium term between 2018/19 and 2020/21; and
  • zombie state owned enterprises, such as South African Airways, which will cost R22 billion over the medium term between 2018/19 and 2020/21.

Which is why we need a comprehensive spending review focused on cutting wasteful expenditure in South Africa.