Anticipation builds as Finance Minister Enoch Godongwana prepares to deliver the Medium Term Budget Policy Statement, but what is it?
But why is the MTBPS so important and why should ordinary South Africans care.According to the National Treasury , the MTBPS establishes the fiscal framework for the upcoming budget and updates Parliament as well as the public on the Treasury’s economic assessment.
“The MTBPS will serve as a platform for the GNU to demonstrate its commitment to economic stability and fiscal discipline,” Cilliers said.after the formation of the GNU and Godongwana is likely to announce good news in the form of an improved economic outlook for South Africa.
"It is expected that Godongwana will announce how the government will further accelerate reforms in order to stimulate economic growth and at the same time also how the state will further tighten its belt,“ Godongwana said. The ability of government to secure long-term investments for issues like the logistical constraints, the power crisis and water and infrastructure problems is important for sustainable economic growth.
State Owned Enterprises Enoch Godongwana Mtbps Budget Government Of National Unity Debt Loadshedding Nhi Mtbps
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