🇿🇦🌍https://illovuonline.news.blog/
Subscribe 🇿🇦
https://youtu.be/OdKGYUk-5Cs
Mboweni explain how relief financing will work
By: illovuonline news team
23-04-2020
Image: Source
Finance minister Tito Mboweni will make an announcement on Friday on the Covid-19 relief financing, as well as any possible approach for funding from international finance institutions.
Many questions have been raised about how the government will finance the R500bn stimulus package announced by President Cyril Ramaphosa earlier this week, and the minister is expected to address these.
This was revealed on Thursday by Treasury deputy director-general Ismail Momoniat during a briefing to parliament’s two finance committees on draft bills providing for the initial tax relief announced by Mboweni at the end of March.
“The minister is going to be making an announcement tomorrow which is meant to be a more comprehensive response which will look at all the issues — the tax issues, the funding issues for the R500bn and some of the spending proposals, like on grants, how they will operate and for how long and so on.
Ramaphosa wants 73,000 more soldiers on SA streets, costing R4.59bn
President Cyril Ramaphosa is reportedly set to deploy over 73,000 more soldiers onto SA’s streets, at a cost of R4.59bn.
“He will also deal with funding from the IMF [International Monetary Fund], the World Bank and the New Development Bank and what the conditionalities if any there are and so on.”
Along with the minister’s announcement, the Treasury will also provide supporting documents, Momoniat said.
DA finance spokesperson Geordin Hill-Lewis objected to Mboweni making a public announcement, saying that he should make a presentation to parliament first.
If you haven’t subscribe, Just do it for daily updates: NewsCeleb NewsUpdateCovid-19 NewsSA Newsbusinesses NewsLocal& National
Stay up to date and stay healthy. Subscribe to 🇿🇦🌍https://illovuonline.news.blog/ for important updates on the spread of the coronavirus.
#fightcovid-19 #stayhome #flattenthecurve
🇿🇦🌍https://illovuonline.news.blog/
Subscribe 🇿🇦
We Give You All The Information You Need 🇿🇦🌍 Local & National
News put South Africa first
https://illovuonline.news.blog/ 