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Prepare to slash budgets, says.........>

SOUTH AFRICA
SOUTH AFRICA: Prepare to slash budgets, says Treasury (Business Day)
- The Treasury has told government departments to draft plans to slash their
budgets for the next three years, beginning with a 5% cut in 2020 and 6% and 7%
for the years thereafter.
- The proposal is set out in the Treasury's medium-term expenditure framework
technical guidelines, which are distributed to departments to guide their
preparation of their budget proposals.
- Link: https://tinyurl.com/y4rgsbd2
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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