Press Statement by
Mkhuleko Hlengwa MP
IFP National Spokesperson
Ahead of Finance Minister Tito Mboweni’s delivery of the Medium Term Budget Policy Statement tomorrow in the National Assembly, the IFP believes that the Minister should seriously consider our 5 key budget tips.
- Cut the ballooning public sector wage bill;
- Cut all perks and “nice-to-haves” for all Cabinet Ministers and their Deputies and review the ministerial handbook to ensure austerity measures are implemented;
- Suspend the fuel levy, until such a time our economy grows favourably and our currency strengthens;
- Roll-out an extensive programme of public-private partnerships with favourable investment conditions and including but not limited to tax breaks for investment projects; and
- Promoting all local, emerging and small to medium enterprises as a key driver to restore our ailing economy and create millions of jobs.
Furthermore, we expect the following of Minister Mboweni’s statement:
- Bailouts are not sustainable as we cannot keep throwing financial solutions to non-financial problems;
- Rescuing SOEs through public-private partnerships;
- Present a relief package for SA to lower petrol prices. We expect the minister to suspend fuel levies;
- Government strategy to rescue VBS to assist the poor victims of the thieving cabal of corrupt politicians and associates; and
- We also expect the minister to announce an economic recovery plan to steer us out if the current quagmire including but not limited to the reduction of government spending on all spheres.
Now is the time for Minister Mboweni to show a strong hand and decisive leadership by trimming the fat of government – as he delivers his maiden and yet most important speech in Parliament tomorrow.
Enquiries:
Mkhuleko Hlengwa MP
IFP National Spokesperson
071 111 0539
