Medium-Term Budget Policy Statement reveals a deteriorating fiscus amid low growth and non-stop Eskom bailouts

SOUTH AFRICA - Report 30 Oct 2019 by Iraj Abedian

During the past few weeks government has been particularly busy introducing policy and plans that are meant to address many of South Africa’s current economic challenges in the lead up to today’s Medium-Term Budget Policy Statement (MTBPS). The MTBPS, tabled annually during end-October by the Minister of Finance, presents government’s fiscal priorities over the next three years (medium term), and also offers an update on government finances since the main Budget (presented in February) given the economic milieu. The Policy Statement is set to inform the main Budget in around four months’ time.

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