BudgetSpeech2020 | 'The 2020 budget proposes a reduction in the compensation budgets of national and provincial departments, and the entities that receive transfers directly from national government.'
ByFinance Minister Tito Mboweni at a media briefing ahead of his Budget Policy Statement in Parliament.February 26, 2020President Cyril Ramaphosa's administration is headed for a bitter battle with public sector unions after finance minister Tito Mboweni announced plans to reduce the civil service wage bill by R160bn in the next three years.
Mboweni also announced that there would be no salary hikes for public office bearers such as MPs, ministers, judges and magistrates in the upcoming financial year. He said the wage bill was projected to be reduced further by R54.9bn by March 2022 and another R67.5bn at the end of the same month in 2023.
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