No new funds for struggling SOEs - Treasury
National Treasury says there will be no
bailouts for struggling state-owned enterprises, but there will be
accountability.
Director-General, Duncan Pieterse said Treasury is sticking to its fiscal strategy, despite having to adjust the budget.
He addressed Parliament’s finance and appropriation committees on Friday.
He said no new funding will be allocated.
READ: Zibi slams wasteful spending in post-budget briefing
Pieterse has confirmed that audits will be launched to root out ghost employees, as part of efforts to cut waste and save costs.
"Some of the new spending reviews are complete, like the work on active labour market programs, and public employment. We will be tabling [that] to cabinet and elsewhere soon," he said.
"Some of it has just started the work around conditional grants review in infrastructure and the ghost worker audit."
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