Treasury says budget not ‘anti-poor’

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Treasury director-general Dondo Mogajane has rejected claims that Finance Minister Tito Mboweni’s budget is anti-poor.
Treasury director-general Dondo Mogajane has rejected claims that Finance Minister Tito Mboweni’s budget is anti-poor.
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Treasury director-general Dondo Mogajane has rejected claims that Finance Minister Tito Mboweni’s budget, which gave social grants recipients a R10 increase while lowering the corporate tax rate, was anti-poor.

Speaking during a webinar hosted by Pietermaritzburg accounting firm Morar Incorporated, Mogajane said a large chunk of the R2,2 trillion budget tabled by Mboweni last week will go to the poor.

“It’s a pro-poor budget, with more than 60% of the budget going to social services,” he said.

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