SA’s Minister of Finance EnochGodongwana will table the 2022 Medium-Term Budget Policy Statement (MTBPS) today, and allocating more money to the NPA and SIU to fight rampant corruption is very high on AnchorCapital's list. Moneyweb MTBPS2022
South Africa’s Minister of Finance Enoch Godongwana will table the 2022 Medium-Term Budget Policy Statement on Wednesday amid an increasingly complex global economic environment characterised by heightened levels of volatility. Follow Moneyweb’s MTBPS coverage here. Locally, the economy is dealing with domestic energy and logistics crises, limiting growth over the next 12 to 18 months, and the upcoming ANC elective conference in December.
As it currently stands, this overrun is being dominated by the overshoot in company income tax, although multiple tax categories have been outpacing Treasury’s full-year forecasts. Nonetheless, we expect Treasury to strike a reasonably conservative approach in future revenue forecasts, given the severe downside risk to growth and revenue from domestic growth constraints and a weakening global economy.
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