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Burning Fiscus | Is the public wage bill the war elephant that tramples Mboweni's hopes?


Finance minister Tito Mboweni at the press conference before he delivered his 2019 budget speech (Gallo Images, Brenton Geach)
This story forms part of a series by Fin24 that will run over the course of the year called Recasting the SA Economy . 
This quarter s theme: Burning Fiscus.
Government last year vowed to reduce spending by about R300 billion over the next three years, with the largest cuts coming from the public sector wage bill.  
Labour unions have rejected the cuts as they await National Treasury s answering affidavit in a Constitutional Court battle over the 2018 public wage deal.
Economists believe getting to grips with the public service wage bill is as urgent as ever to slow a worrying increase in SA s debt-to-GDP ratio. ....

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