GLOVES ARE off as minister of Finance Malusi Gigaba and his team present the much awaited Mid-Term Budget Review today, in Parliament.
Gigaba is already under pressure to allay fears that the controversial nuclear programme won’t see the light; and the poorly performing South African Airways does not get bail out- as alleged from Public Investment Corporation (PIC), amongst others.
The nuclear build programme may cost up to R1,2 trillion over a period of say 20 to 30 years, and the opposition Democratic Alliance believes it has the capacity to ‘blow up’ the balance sheet.
President JG Zuma, who appointed his stooge David Mahlobo to oversee the programme after appointing him as the energy minister, has raised eyebrows, both locally and internationally.
But for Gigaba it won’t be an easy task as he also tries to satisfy his master.
Also on agenda is the likelihood of tax increase- a move that has solicited various opinions from economists and politicians.
Following yesterday’s startling Police Stats reveal it is hoped the budget will be increased. The troubled public broadcaster is also in line for another bail-out.
The minister is also expected to outline the Social department’s plans that are yet to conclude talks with the South African Post Office on the grant distribution for next year April.