Eric Naki
Political Editor
2 minute read
17 Sep 2021
8:00 am

Budget statement looks promising

Eric Naki

Finance Minister Enoch Godongwana is expected to announce his first budget activity since his August appointment, the Medium-Term Budget Policy Statement (MTBPS) on 4 November.

ANC economic transformation committee chair Enoch Godongwana speaks at the Country Club Johannesburg, 8 April 2014, at a Sacci breakfast meeting. Picture: Nigel Sibanda

It is promising to be a busy statement with funds urgently needed to deal with existing crises; the ramping up of vaccination programmes; the bailout of state-owned enterprises; and releasing huge amounts to cover unpaid e-toll debt. Godongwana must also adjust economic forecasts from the February figures in the light of the current investment drought and pressure on economy. The budget will come just days after the local government elections to be held on 1 November. The MTBPS is a mid-term stopover and refill to enable reflection and make adjustments on budget allocations since February’s main budget. Of significance in...