Basic income grant, load shedding, budget cuts: Six topics likely to dominate MTBPS

Basic income grant, load shedding, budget cuts: Six topics likely to dominate MTBPS

Picture File: Finance Minister Enoch Godongwana. Picture: Nigel Sibanda With Finance Minister Enoch Godongwana due to table his maiden Medium-Term Budget Policy Statement (MTBPS) on Thursday in Parliament, pressure is mounting on government to address the country’s sluggish economic growth through structural reforms, amid growing calls to implement a basic income grant (BIG) for millions of jobless South Africans.

The MTBPS, which is usually tabled on the last Wednesday of October every year, sets out the policy framework for the Budget Speech that is presented every year in February.

The mini-budget also updates National Treasury’s economic forecasts for the country, adjusts […]

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