Local News

We are broke, says Mthuli

NewsDay Staff ·

We are broke, says Mthuli

FINANCE minister Mthuli Ncube has revealed that government has no means to fund demands by ministries in 2023 national budget after complaints by legislators in the National Assembly that government departments were severely underfunded.

He said the fiscus could only fund a third of the votes demanded by the ministries for expenditure next year.

Various reports by Parliamentary Portfolio Committees on the 2023 national budget pointed out that ministries were grossly underfunded.

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