Young YOU: Everything you need to know about the emergency budget speech, the Ebola outbreak and more

Photo: Getty
Photo: Getty

At the end of June, South Africa’s finance minister, Tito Mboweni, delivered an emergency budget speech. What’s a budget speech, what did he say, and what does it mean?

What’s a budget speech?

It’s a speech the finance minister gives when he presents the state’s budget to parliament and citizens. A budget is a plan that states how much money you intend spending and how it will be spent. The government normally plans its budget for 12 months from 1 April to 31 March – this is called the financial year.

Check out the video below to find out more about what the minister said in his speech and what it means.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24