‘Austerity’? Mboweni slams critics, citing a balancing act between subsidies and fiscal stability | End24

‘Austerity’?  Mboweni slams critics, citing a balancing act between subsidies and fiscal stability |  End24
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The Minister of Finance, Tito Mboweni. Photo: Jaco Marais

  • Treasury officials briefed members of Parliament on Thursday about the recently submitted budget review.
  • Finance Minister Tito Mboweni said criticism that the Treasury has embraced “austerity” is unfounded given the substantial social spending.
  • The minister will publish a draft of amendments to Regulation 28 of the Pension Fund Law on Friday for public comment.

Finance Minister Tito Mboweni has again said that criticism of the Treasury for adopting “austerity” measures is unfounded, especially in light of the substantial spending on social spending.

The minister and Treasury officials reported Thursday to a …



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