Finance Minister Enoch Godongwana has tabled Medium-Term Budget Policy Statement, here’s what South Africans should know about what happens next.
After Finance Minister Enoch Godongwana has presented the 2024 Medium-Term Budget Policy Statement to Parliament, the question that many South Africa ns have is, what happens now? Picture: Armand Hough / Independent Newspapershas tabled the Medium-Term Budget Policy Statement , the question on the minds of many South Africa n is what happens next?
It also adjusts the budgets of government departments for the current financial year as well as makes emergency changes to spending. Thirty days after the tabling of the MTBPS, the finance committees of the two Houses - the NA and the National Council of Provinces - must report on the proposed fiscal framework.said that the Appropriations committees must report on the proposed division of revenue and grant allocation to provinces and local governments.
“Additionally, the government’s funding strategy will involve tapping offshore markets, which should alleviate pressure on the local bond market.”
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