Enoch Godongwana, the Minister of Finance, is expected to deliver the Medium-Term Budget Policy Statement (MTPBS), in Parliament, on Wednesday.
The aim is to update economics forecasts such as GDP Growth, inflation, interest rates, commodity prices and government debt, among others.
According to a preview analysis provided by Matrix Fund Management, six key questions to ask, are: “Has sent peaked? What happens with revenue windfall? Will there be relief at the pumps? Is there any spending pressure on the horizon? Is there a fiscal anchor?”
The International Monetary Fund (IMF) placed forecast for GDP growth was revised to 1% in October, down slightly from the initial 1,4% figure.
A preview by Momentum Investments ahead of the budget, noted electricity reform is key.
“In July President Ramaphosa endorsed proposals for a transmission system operator separate from Eskom, with a detailed transaction design and implementation planning assigned to the next phase. The fiscal benefits will depend on execution, alongside improvements in freight logistics and governance.”
Several “People’s Budget Anti-Austerity March are expected to begin on Wednesday morning, in Tshwane and Cape Town.
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