Incentivise the private sector to invest in agriculture
Oct 19, 2020
3 minutes
In June 2020, the Minister of Finance, Tito Mboweni, announced a zero-based budgeting approach. Although more specific details will have to be provided from National Treasury about how exactly this approach will be implemented, the basic principle seems to be that government departments will in future not be able to submit a pre-existing budget with some inflationary adjustments, but instead have to start off from a zero base and justify any expenditure items.
Although it still has to be seen if
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