Wits’s first impression of Pravin Gordhan’s budget: thumbs-up
University of the Witwatersrand management will on Thursday meet to discuss and analyse Finance Minister Pravin Gordhan’s medium-term budget policy statement (MTBPS)‚ which was delivered in Parliament on Wednesday afternoon. "Wits is still reviewing the minister’s speech and all the budget documents. A quick reading indicates that the mini-budget largely finances the priorities put forward by the minister of higher education and training to fund the poor and the missing middle‚" said university spokesperson Shirona Patel. "Aside from the speech‚ they need to analyse the actual budget as it has subsidy implications for the next three years‚" she added. The MTBPS is a government policy document that communicates to Parliament and the country the economic context in which the forthcoming budget will be presented‚ along with fiscal policy objectives and spending priorities over a three-year period.
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