2020 Medium Term Budget Policy Statement (MTBPS)
The Minister of Finance, Mr Tito Mboweni MP, has requested the Speaker of the National Assembly to enable him to table the 2020 Medium Term Budget Policy Statement (MTBPS) on Wednesday 28th October 2020.
As the Minister of Finance, puts the final touches on his Medium-Term Budget Policy Statement (MTBPS), the biggest issue he must be grappling with is the impact of COVID-19 on the economy. This has resulted in a perfect storm for our already troubled economy.
The minister’s speech will be off the back of President Cyril Ramaphosa’s Economic Reconstruction and Recovery Plan presentation, in which he sought to outline immediate actions to rebuild the economy and facilitate economic growth. It will be up to the finance minister to provide the detail of how the fiscus will support this plan.