Economists are urging government to focus heavily on job creation in order to grow the economy. This after Finance Minister, Tito Mboweni, delivered his maiden budget speech on Wednesday in the National Assembly.
Members of Parliament get a pre-budget briefing in a Joint Meeting of the Standing Committee on Finance, Select Committee on Finance, Standing Committee on Appropriations and Select Committee on Appropriations.
Nigerian President Muhammadu Buhari presented a 8.83 trillion naira ($28.80 billion) budget for 2019 to parliament on Wednesday, and laid out a plan to drive growth two months before elections.
The Gauteng Finance Department has increased the province’s budget by R1.9 billion.
Zimbabwe’s budget deficit will more than double to 11.1 percent of gross domestic product this year from an initial forecast of 5 percent due to runaway government spending, a senior treasury official said on Monday.