COSATU - Pre-budget public sector wage bill concerns remain primary for labour
Loading player...
In this edition of the Business Day Spotlight, the public sector wage bill is in focus as finance minister Tito Mboweni is set to give his national budget speech for the year on Wednesday 26 February.
Our host Mudiwa Gavaza is joined by Matthew Parks, parliamentary co-ordinator for the Congress of SA Trade Unions (Cosatu) to discuss some of the options available to Treasury in its efforts to cut costs.
With Minister Mboweni expected to cut as much as R150bn in spending over the next three years, a number of economists have flagged the public sector wage bill as one of the few things that the government can address to achieve these savings.
Instead of cutting jobs, Cosatu says there are other avenues that can explored such as greater control of wasteful spending and corruption, and running the SA Revenue Service more effectively.
Our host Mudiwa Gavaza is joined by Matthew Parks, parliamentary co-ordinator for the Congress of SA Trade Unions (Cosatu) to discuss some of the options available to Treasury in its efforts to cut costs.
With Minister Mboweni expected to cut as much as R150bn in spending over the next three years, a number of economists have flagged the public sector wage bill as one of the few things that the government can address to achieve these savings.
Instead of cutting jobs, Cosatu says there are other avenues that can explored such as greater control of wasteful spending and corruption, and running the SA Revenue Service more effectively.
