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There is no plan to grow the economy, we are in deep poo, says Eusebius

31 October 2019 11:20 AM
Tags:
Eusebius MacKaiser
finance minister tito mboweni
2019 growth forecast
2019 mid term budget speech
Eusebius and callers on the 702 open line react to Finance Minister Tito Mboweni's Mid-Term-Budget Policy Statement.

Eusebius McKaiser says he did not expect the Mid-Term-Budget Policy Statement by Finance Minister Tito Mboweni to be any better.

However, he says he liked how Mboweni was honest about the country's state of affairs.

He was clear in his top-line message that we spend too much money and our revenue collection is too little.

Eusebius McKaiser, Show host

He has revised 2019 expectations to around 0.5% growth and at the same time, there is nothing in this statement that says to the country: here is my vision let us debate it.

Eusebius McKaiser, Show host

RELATED: MTBPS a missed opportunity for government, says Cosatu

Fundamentally, we don't have our spending under control and there is no plan to grow the economy. So we are in deep poo.

Eusebius McKaiser, Show host

Listen to the full open line below...


31 October 2019 11:20 AM
Tags:
Eusebius MacKaiser
finance minister tito mboweni
2019 growth forecast
2019 mid term budget speech

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