Opposition political parties in Parliament say they expect Finance Minister Tito Mboweni to present a Medium Term Budget Policy Statement that will stimulate the economy, create jobs and cut any and all unnecessary frills.
Finance Minister Tito Mboweni’s Medium Term Budget Policy Statement is expected to give clarity on government’s intention to reprioritise R50-billion of funds to stimulate the economy and create jobs.
South Africa’s rand firmed against the U.S. dollar in early trade on Monday, as investors awaited the new finance minister’s Mid-Term Budget Policy Statement and consumer price inflation numbers due in the week.
Finance Minister Tito Mboweni appears to be gunning for the wage bill and bloated structure of the public service and state owned enterprises. This as he prepares to deliver his maiden Medium Term Budget Policy Statement this week.