National

WATCH: Tito Mboweni presents medium-term budget

Finance minister Tito Mboweni is due to present the 2020 medium-term budget policy statement to parliament

28 October 2020 - 13:44
Finance minister Tito Mboweni. Picture: ESA ALEXANDER
Finance minister Tito Mboweni. Picture: ESA ALEXANDER

Finance minister Tito Mboweni is expected to present the 2020 medium-term budget policy statement to parliament on Wednesday.

It follows a strict Covid-19 lockdown, which came in the middle of a recession. Amid concern about a debt crisis and pressure to get the economy back on track, Mboweni faces a difficult balancing act.

Watch the address live, below:

LISTEN | Dissecting Mboweni's MTBPS with Investec's Annabel Bishop

Subscribe for free: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm

Here’s what’s in Tito Mboweni’s medium-term budget

Departments losing out to SAA features highly, as does a long-term plan for bringing down the country’s debt burden
National
5 months ago

This is how deeply spending will be cut in departments and municipalities

There will be cuts across national departments amounting to about R7bn, as a contribution to funding the implementation of SAA’s rescue plan
National
5 months ago

Government has bold plan to freeze public-sector wages

The move is likely to heighten tension with unions, which are already fighting to overturn government’s decision not to implement fully a three-year ...
National
5 months ago

Police and education the biggest losers to fund SAA

The departments of higher education and the police will lose over R1bn each due to spending reallocations in the medium-term budget
National
5 months ago

Treasury proposes review of tertiary education funding

The health department is also compelled to help fund SAA and will see R694m shifted out of its budget allocation for the current financial year
National
5 months ago

READ IN FULL: Medium-term budget policy statement 2020

Finance minister Tito Mboweni delivered the MTBPS on Wednesday afternoon in Parliament
National
5 months ago

Rand and bonds extend earlier losses as Mboweni tables medium-term budget

Mboweni said the debt to GDP ratio is expected to increase over the next few years reaching 95% in the 2025/2026 fiscal year
Markets
5 months ago

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Most read

1.
Bullet fired through window of building hosting ...
National
2.
Public Servants Association threatens industrial ...
National / Labour
3.
Strike likely to choke off water to Gauteng ...
National / Labour
4.
Cape Town takes stock of fire devastation at UCT ...
National
5.
Sassa delays Covid-19 grant payment to millions ...
National

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.