Godongwana prepares to deliver council spending, saving guidelines :
Finance minister says processes will only be escalated after November 4 local government ...
timeslive.co.za/news/2026-09-30-godongwana-prepares-to-deliver-council-spending-saving-guidelines/
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Godongwana prepares to deliver council spending, saving guidelines: Finance minister says processes will only be escalated after November 4 local government ...
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Key FactsGodongwana signals spending cuts if revenue target is missed
May 23, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: timeslive.co.za
Summary created with AI assistance · Source: timeslive.co.za
- If the South African Revenue Service misses its R1.9-trillion target, the government will have to cut spending substantially, Godongwana said.
- If the agency exceeds its target during the fiscal year ending March 2026, additional taxes worth R20 billion for 2026/27 would be unnecessary.
- Godongwana said this year’s 77.4% of GDP debt peak reflected weaker growth forecasts rather than additional borrowing.
- In July, financial officials will decide, after the South African Reserve Bank signs off its accounts, whether to draw on reserve gains.
we will have to cut expenditure substantially.— Enoch Godongwana, South Africa's Finance Minister, speaking about potential spending cuts if the SA Revenue Service misses its target.
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