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Tito Mboweni sticks to his guns: Expenditure cuts are coming.

CAPE TOWN – Finance Minister Tito Mboweni on Wednesday stuck to his guns, giving South Africa a concise picture of its public finances, and told all and sundry, including his Cabinet colleagues and fellow MPs, to prepare themselves for a bumpy ride ahead.

Mboweni used his second Medium-Term Budget Policy Statement (MTBPS) to ask unions to work with him in reducing the state wage bill, adding that government ministers on their part would take a salary freeze, and that in all probabilities, would earn less in the future than they are currently used to.

Read full story at iol.co.za:

https://www.iol.co.za/business-report/budget/tito-mboweni-sticks-to-his-guns-expenditure-cuts-are-coming-36340249?utm_source=news_newsletters&utm_medium=email

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