Medium-Term Budget Policy Statement (MTBPS)
Morningstar South Africa
Minister of Finance, Mr Enoch Godongwana, tabled the Medium-Term Budget Policy Statement (MTBPS) in Parliament on 1st November, providing an update on South Africa’s finances and in particular its progress towards the goals set out at the beginning of the year.
All eyes were on Minister Godongwana as he relayed the progress of National Treasury’s budget in the face of a particularly weak local and global environment coupled with weaker commodity prices, which weighed on the budget. The impact of weaker commodity prices on revenue collections and expenditure overruns were the key concerns heading into the MTBPS.
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