Subscribe & Follow

Advertise your job vacancies

Jobs

Lecturer – School of Education (History & Geography) Pretoria
Lecturer Durban
Lecturer Durban
Lecturer - English Durban
Lecturer Durban
Computer Lab Teaching Assistant Cape Town
Lecturer: Management Studies-Supply Chain (Part-Time) Port Elizabeth
Senior Producing Lecturer Johannesburg
Coordinator Programme Accreditation and RPL Pretoria
Contract School-Based Teaching Practice Assessor - National National

Treasury on back foot as Zuma takes control

13 Nov 2017

The medium-term budget policy statement, presented a mere two weeks ago, has been thrown into question as a joint team from the Treasury and the Office of the President comb through it, looking for R40bn in expenditure cuts to fund free higher education.

Treasury on back foot as Zuma takes control

The policy statement is intended to act as guide to the February budget, both to government departments and the market. Its drastic revision indicates a profound loss of influence of the Treasury and will dramatically affect the pending decisions by credit ratings agencies. It also indicates that the prospects of fiscal consolidation and of returning to the pre-October debt stabilisation programme are minimal.

The move has already led to the resignation of the head of the budget office, Michael Sachs, last week, with more Treasury officials expected to follow.

However, Treasury director-general Dondo Mogajane is adamant that the change to the budget process does not amount to a coup by the Department of Monitoring and Evaluation, headed by Jeff Radebe, but is rather a constructive initiative. The department is located in the Presidency.

"I'm not going to let anyone take control of the budget process. We have to bring Treasury and the [Department of Monitoring and Evaluation] closer. It was not done this way before, but it is necessary now."

Source: Business Day

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za