Mthuli Ncube Speaks On What To Expect In 2019 Budget

In an interview with The Sunday Mail, Finance Minister Mthuli Ncube said the 2019 National Budget will be a balanced budget.

Ncube will present his maiden budget on Thursday this week. He said the budget will communicate the message of discipline. Said Ncube:

It will be a balanced budget with enough carrot and also decent stick; but hopefully more carrot than stick because we want to recreate that environment of confidence, to build confidence going forward. We want to make sure that there are enough incentives for industry and also that there is job creation. We want to regulate certain behaviours. We hope that the Budget will communicate the message of discipline. The idea is to cajole the economy as we move to the next level, as we go ahead with the mantra that we are open for business. We are desirous to move the economy to upper middle-income status so the Budget will be an instrument of enactment towards attainment of that vision, and will carry on the following year and will keep building the way up. The idea is to balance the incentives to the market discipline, that’s what will come out to make sure that there are enough incentives and also enough regulatory character so that we stay within the straight and narrow.

More: Sunday Mail