Treasury Secretary Ukur Yatani told Parliament this week that he had no option than to make major cuts on the development budget for this financial year. It is the latest admission by the National Treasury about the crippling cash-flow problems the government is facing.
The minister has been forced to change spending plans and to re-prioritise to reflect the situation he faces. If the situation gets worse, the cuts may affect critical programmes, including the politically-sensitive Big 4 agenda projects.
