{"id":75830,"date":"2024-11-01T11:58:00","date_gmt":"2024-11-01T11:58:00","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/were-on-the-same-page-godongwana-says-being-part-of-gnu-had-no-impact-on-tone-of-mtbps"},"modified":"2024-11-01T11:58:00","modified_gmt":"2024-11-01T11:58:00","slug":"were-on-the-same-page-godongwana-says-being-part-of-gnu-had-no-impact-on-tone-of-mtbps","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/were-on-the-same-page-godongwana-says-being-part-of-gnu-had-no-impact-on-tone-of-mtbps","title":{"rendered":"‘We’re on the same page’: Godongwana says being part of GNU had no impact on tone of MTBPS"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Finance Minister Enoch Godongwana said that producing a medium-term budget under a Government of National Unity (GNU) has had no impact on the tone of the policy statement he tabled in Parliament on Wednesday.<\/p>\n

Flanked by his two deputies, one from the Democratic Alliance (DA), the finance minister told journalists ahead of the announcement that there was consensus on the fiscal consolidation the Treasury\u2019s being trying to achieve in recent years.<\/p>\n

Godongwana said that the country\u2019s debt was not as much of a problem as stagnant economic growth was.<\/p>\n

Growth has now been revised downwards to 1.1% from the 1.3% projection made in the main budget in February.<\/p>\n

The 2024 medium-term budget policy statement (MTBPS) is the first adjustments budget to emerge from a Treasury operating under a Government of National Unity.<\/p>\n

But despite the divergent views of the ten coalition parties, Godongwana said that this had not affected the sentiment of the policy statement he put before Parliament.<\/p>\n

“We are generally on the same page that fiscal consolidation must take place, but we may disagree on the pace of that.”<\/p>\n

The finance minister joked that it was nice having two deputies, freeing up time for him to focus on other areas.<\/p>\n

While Treasury rules don\u2019t allow for him to delegate functions to them, Godongwana said he\u2019d assigned each of them key focus areas.<\/p>\n

“I remain working with them and coordinating the work of the Treasury and it\u2019s working well. I think both of them can attest to that.”<\/p>\n

Just eight months after criticising Godongwana\u2019s budget from the opposition benches, Deputy Finance Minister Ashor Sarupen said they\u2019d now found synergy.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Finance Minister Enoch Godongwana said that producing a medium-term budget under a Government of National Unity (GNU) has had no impact on the tone of the policy statement he tabled in Parliament on Wednesday. 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Finance Minister Enoch Godongwana said that producing a medium-term budget under a Government of National Unity (GNU) has had no impact on the tone of the policy statement he tabled in Parliament on Wednesday. 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