Emergency Budget lacked the detail to make it credible
24 June 2020
Note to Editors: Please find attached a soundbite and video by the Geordin Hill-Lewis MP, DA Shadow Minister of Finance.
The Democratic Alliance (DA) hoped that Finance Minister, Tito Mboweni would set out a “Resilience Budget” today that would help South Africa brace for the impact of the coming economic crisis.
South Africans watching today’s Emergency Budget speech will be left wondering: “Where is the plan?”
The Minister painted an accurate picture of the horror story of our public finances, and he was right to describe how much worse things will get unless there is a very sharp turnaround soon.