Cuting waste in goverment

Minister of Finance Pravin Gordhan delivered the mid-term budget speech in parliament recently.

He spent a big part of his speech focusing and outlining plans on cutting waste and extravagance in government.

“To achieve value for money in these initiatives, we need improvements right across government in financial management.

”This applies equally to provinces and municipalities, where we have to see much better accountability and discipline in the stewardship of public resources.

“Wasteful expenditure on expensive cars and overseas trips are unacceptable,” he said.

He said government acknowledged that they too must provide value for money.

“Although most government spending is effectively managed, there are many opportunities to cut or minimise costs and stop abuse,” he said.

The minister felt that over the past four and half years, the government had steered the country through the worst global recession in 70 years.

“We have made bold, and correct, decisions which have restored growth, supported our industries, and maintained a sustainable fiscal policy,” he said.