Some like and some hate ‘pragmatic’ GNU medium-term budget

Oct 31, 2024

The MTBPS is a stark reminder of the depths of the fiscal problems the Treasury is seeking to recover from

​The MTBPS is a stark reminder of the depths of the fiscal problems the Treasury is seeking to recover from   

Business Unity SA (Busa), the country’s largest federation of business organisations, has commended as “robust and credible” the medium-term budget policy statement (MTBPS) that finance minister Enoch Godongwana tabled in parliament on Wednesday. 

In the MTBPS, debt will peak at a slightly higher level, at 75.5% of GDP, or R6-trillion, though this will still start to decline from 2026/27. ..

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