FINANCE Minister Enoch Godongwana will table the Medium Term Budget Policy Statement (MTBPS) on 4 November, the National Treasury has announced.
This will be the Minister’s first Budget presentation since his appointment last month, and takes place three days after the country votes in the local government elections on November 1.
The 2021 MTBPS comes against a tumultuous economic backdrop exacerbated by the COVID-19 pandemic and the ruinious public violence in KwaZulu-Natal and Gauteng that was said to have cost the country’s economy in the region of R50 billion.
The MTBPS sets out the policy framework for the Budget that is presented every February, updates National Treasury’s economic forecasts, adjusts the budgets of government departments and makes emergency changes to spending.
The MTBPS lays out government’s priorities over a three-year period. It also provides updates on forecasts, adjustments to budgets of government departments and makes emergency changes to spending, Treasury said in a statement issued on Thursday.
The MTBPS is usually tabled on the Wednesday of the third week in October.
Treasury did not indicate why the tabling has shifted to November.
The Department said more details regarding logistics for the MTBPS would be outlined in due course.
- Inside Politics
