Cape Town – The National Treasury has warned of further cuts in the budgets of departments as it continues to reprioritise spending following the outbreak of Covid-19.
He said they were aiming to reduce spending by R250 billion in the next two years. Masondo said each department’s budget would not be guaranteed until every item has been properly justified. “The National Treasury, in collaboration with departments, will be undertaking spending reviews. In this regard, there will be no holy cows,” said Masondo.
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