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This article was first published by The Conversation. Read the original at shorturl.at/akpDR.
“The Medium-Term Budget Policy Statement presented by Finance Minister Enoch Godongwana to Parliament on 1 November 2023 is intended to provide a preview of government’s public finance plans over the next three years.
It does not actually commit government to anything, either in law or in practice. Nevertheless, it is a crucial document because it presents what the National Treasury intends to be the broad, financial foundation for the functioning of national, provincial and local governments in the near future.
This year’s statement is particularly important for two reasons. The first is that South Africa’s
