Caiphus Kgosana, Denise Williams and Thabo Mokone
FINANCE Minister Pravin Gordhan warned government departments to make do with what they have as he announced a slowdown in economic growth, dwindling tax revenue, an increase in the budget deficit and a runaway public sector wage bill.
Presenting his mid-term budget in parliament yesterday, Gordhan said because of the gloomy economic outlook, government departments would not be receiving a cent more than was allocated to them in February when he presented his main budget.
Economic growth has had to be revised downwards from 3.1% to 2.5% of GDP as slow demand for exports, labour unrest and the eurozone crisis hit South Africa.
Gordhan also hit out at international observers raising concerns about uncertainty ahead of the ANC's elective conference in December, saying most of their observations were out of line.
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